Centralized Exchanges Record 95,300 ETH Net Outflow in 24 Hours
Coinglass data shows significant ETH inflows into centralized exchanges, with Binance leading the way, while Bithumb records notable outflows.
ETH
Summary
Centralized exchanges experienced a net inflow of 89,500 ETH in the past 24 hours, with Binance leading at 57,300 ETH, followed by Kraken at 14,800 ETH and OKX at 12,500 ETH. Bithumb saw the largest outflow at 2,131.19 ETH during the period.
Terms & Concepts
- ETH (Ethereum): A decentralized blockchain platform that supports smart contracts and decentralized applications, with Ether (ETH) being its native cryptocurrency.
- Centralized Exchange (CEX): A cryptocurrency trading platform operated by a centralized entity that facilitates the buying, selling, and custody of digital assets.