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Centralized Exchanges Post 61,400 ETH Net Outflow—Binance Leads

Recent Coinglass data shows shifting ETH flows, with Kraken, Coinbase Pro, and Gemini seeing withdrawals while OKX recorded the largest inflow among centralized exchanges.

ETH

Summary

According to Coinglass, centralized exchanges experienced a net outflow of 885.51 ETH over the past 24 hours. Kraken led with 1,607.25 ETH withdrawn, followed by Coinbase Pro with 467.26 ETH and Gemini with 104.84 ETH. In contrast, OKX reported the largest inflow of 1,169.97 ETH. This reflects shifting ETH flows across major platforms, differing from earlier data that showed Binance and OKX leading outflows.

Terms & Concepts
  • Centralized Exchange (CEX): A crypto trading platform operated by a company that safeguards user funds and matches orders off-chain.
  • Net Outflow: The amount of assets withdrawn minus deposits over a period; a positive value indicates more withdrawals than deposits.
  • ETH (Ether): The native cryptocurrency of the Ethereum blockchain, used for transactions, fees, and smart contract operations.