Ethereum Sees Mixed Exchange Flows with Coinbase Pro Leading Outflows

Centralized exchanges recorded a notable net inflow of over 25,000 ETH in 24 hours, driven by large deposits to Bybit and Kraken, while Binance led in withdrawals, according to Coinglass data.

ETH

Summary

Coinglass data shows centralized exchanges registered a net inflow of 25,500 ETH in the past 24 hours. Bybit saw the largest increase with 29,100 ETH, followed by Kraken with 23,400 ETH and Bithumb with 2,309.14 ETH. Binance recorded the highest withdrawals, with 31,600 ETH leaving the platform.

Terms & Concepts
  • Centralized Exchange (CEX): A cryptocurrency trading platform operated by a centralized company that facilitates buying, selling, and storing of digital assets.
  • ETH Inflows and Outflows: The movement of Ethereum (ETH) into or out of exchanges, which can indicate changes in trading activity, investor sentiment, or market positioning.