Centralized Exchanges Face 3,713 BTC Net Outflow Amid Coinbase Pro's Leading Withdrawal

Recent data shows a significant net outflow from centralized exchanges, with Coinbase Pro leading the withdrawals and Kraken recording notable inflows.

BTC

Summary

In the last 24 hours, centralized exchanges experienced a net outflow of 6,603.89 BTC, primarily driven by Coinbase Pro's withdrawal of 7,158.49 BTC. Binance followed with an outflow of 1,998.32 BTC, while KuCoin had minimal outflows. In contrast, Kraken recorded a net inflow of 1,830.83 BTC, indicating varied trends across exchanges.

Terms & Concepts
  • Centralized Exchange (CEX): A platform where users can buy, sell, and trade cryptocurrencies, managed by a centralized organization.
  • Net Outflow: The total amount of cryptocurrency withdrawn from an exchange, indicating a decrease in holdings.
  • Net Inflow: The total amount of cryptocurrency deposited into an exchange, indicating an increase in holdings.