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CryptoQuant Reports Decline in Binance’s Bitcoin Reserves as Retail Flow Shifts to Coinbase
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Bitcoin reserves on the world’s largest cryptocurrency exchange, Binance, are rapidly depleting, according to data from blockchain analytics firm CryptoQuant.
The outflow is notably shifting towards the premium digital asset platform of the US-based crypto exchange Coinbase.
Providing more details, CryptoQuant points out that Coinbase Pro has so far received 12,000 Bitcoins while there has been a direct reduction in Binance’s reserves, with its figure standing at 5,000 BTC.
$BTC moving from Binance to Coinbase
"Coinbase's reserves have since increased by around 12,000 BTC while Binance's have decreased by 5,000 BTC."
by @gaah_im
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