Binance CEO Richard Teng stated that yesterday they received the largest inflows they have seen since the beginning of the year. Stating that the stock market saw an input of $1.2 billion, Teng also said that the markets started to recover.

“We are now witnessing a rebound in major token prices”

Stating that they saw great input on this collapse day, which is a reflection of their confidence in themselves, Teng said on X:

“Amid the macroeconomic climate and yesterday’s market downturn, Binance recorded a net inflow of US$1.2 billion in the past 24 hours, according to Defillama’s CEX Transparency metrics. This marks one of the highest net inflow days of 2024, indicating strong investor confidence. Yesterday also saw one of the highest trading volumes on Binance year-to-date. We are now witnessing a rebound in major token prices, with current market trends validating this.”

Bybit ranks second in inflows with $276 million and Bitfinex ranks 3rd with $100 million.