Bitcoin’s Price Rally Fuels Binance’s Record $15.7B August Inflows
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The trade Binance recorded $15.7 billion in net asset inflows during the month of August. This is a record after Binance Research. Indeed, the trading platform attracted more than 75% of the positive flows identified by the main centralized trades. This is consistent with a monthly increase of more than 20% of the bitcoin. Nevertheless, it does not translate that $15.7 billion was automatically used to acquire BTC. Deposits take into account var…
Bitcoin’s Price Rally Fuels Binance’s Record $15.7B August Inflows - Invest In Crypto News
Key Takeaways Binance secured $15.7B in August inflows as bitcoin’s price surged past $80K, driving record exchange volume.Binance captured over 75% of centralized exchange flows, easily outperforming rivals Bybit and OKX.Nonetheless, it also faced allegations of onboarding EU users without a MiCA license, highlighting compliance risks. Binance Maintains Leadership, Registers Record Inflows In August As […] The post Bitcoin’s Price Rally Fuels B…
According to ChainCatcher, cryptocurrency exchange Binance saw a record $15.7 billion in inflows in August, accounting for over 75% of all centralized exchanges' inflows. During the same period, Bitcoin's price rose by over 20%, surpassing $80,000, driving up exchange trading volume. Binance Research points out that the $15.7 billion is approximately 8.4 times that of the second-largest exchange with positive inflows, with Bybit and OKX ranking …
Bitcoin's Price Rally Fuels Binance's Record $15.7B August Inflows
Binance, the largest exchange by traded volume, received over $15.7 billion in inflows in August, as bitcoin’s price and the crypto market valuations rebounded. The exchange dwarfed its competitors, managing to overshadow them by gathering over 75% of the digital assets ecosystem inflows. Binance Maintains Leadership, Registers Record Inflows In August As one of the […]
Bitcoin’s Price Rally Fuels Binance’s Record $15.7B August Inflows
Binance, the largest exchange by traded volume, received over $15.7 billion in inflows in August, as bitcoin’s price and the crypto market valuations rebounded. The exchange dwarfed its competitors, managing to overshadow them by gathering over 75% of the digital assets ecosystem inflows. Binance...
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