Binance Leads Centralized Exchange Bitcoin and Ethereum Inflows, Coinbase Pro and Bitfinex See Outflows
Latest Coinglass data shows centralized exchanges posting net ETH outflows, with Binance recording the largest withdrawals and OKX leading inflows.
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Summary
Coinglass reported that centralized exchanges saw a net outflow of 2,416.40 ETH in the past 24 hours. Binance led with 15,900 ETH withdrawn, followed by Gemini with 5,499.87 ETH and Gate with 1,747.88 ETH. OKX recorded the largest inflow at 5,884.87 ETH, contrasting with the broader outflow trend.
Terms & Concepts
- CEX (Centralized Exchange): A cryptocurrency trading platform operated by a centralized organization, managing users’ funds and transactions.
- Net Inflow: The amount of cryptocurrency deposited into an exchange minus withdrawals over a set period.
- ETH: Ticker symbol for Ether, the native cryptocurrency of the Ethereum blockchain.