users own $130 billion worth of crypto

On that same day the record for the highest number of cryptos owned by users on Binance, over $130 billion.

As DefiLlama notes, this figure has increased to $141.74 billion in the past 24 hours.

According to what is reported on CryptoQuant, another growth data point for Binance points to the Exchange reserve percentagethe metric that represents the percentage of reserves on Binance compared to all reserves of the crypto exchange.

Precisely this data Binance has hit its all-time high of 25%up +4% over the past year. Only Coinbase surpasses this data, with a reserve of 33%.

Between November 6 and 7Than, Binance also included register recordings Bitcoinwhich amounts to 9,773 BTC. Staggering numbers when you consider that in those 24 hours, Coinbase Pro saw withdrawals of 440 BTC, Bitfinex 1,242 BTC and Gemini 1,799 BTC.

Binance: the record numbers and all-time highs

In this regardRichard TengCEO of Binance, responded to the platform’s record figures as follows:

“This period of consecutive record highs, billions of dollars of inflows into Binance, and the increase in our reserve percentage highlight the strength and resilience of Binance, chosen by nearly 240 million users. It also reflects the growing adoption and growth of digital assets within the global financial landscape. The increase in discussions about cryptocurrencies during major political events, such as the US presidential election, also highlights the increasingly central role of cryptocurrencies in shaping the future of finance and politics. We are truly witnessing the golden age of cryptocurrencies, with their potential being realized and embraced worldwide.”

In fact, these days, in addition to the victory of Donald Trump as the pro-crypto president of the US, also the new all-time high prices of Bitcoin (BTC) and other cryptocurrencies.

BTC price: almost $90,000

There is then euphoria on the crypto market Bitcoin (BTC) surpassed its previous All Time High or March 2024 historical maximum above $73,000.

In fact, right after Trump’s victory in the 2024 presidential election BTC started its price rise and pulled the rest of the crypto market into the green.

At the time of writing it is BTC is worth $89,806, already at a new ATH. In the last 24 hours, the price of BTC has increased by +10.95%. Not only that, by expanding the chart, the price of BTC has increased by +30% in the last 7 days.

BTC’s market capitalization also continues to rise. At the time of writing it is BTC’s total capitalization is $1.770 billion.