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Centralized Exchanges Record Significant ETH Inflows in 24 Hours

Centralized exchanges reported a net inflow of 15,600 ETH in the past 24 hours, led by Binance, according to Coinglass data.

ETH

Summary

Centralized exchanges saw a net inflow of 15,600 ETH in the past 24 hours, with Binance leading at 9,262.76 ETH. Coinbase Pro and Bithumb followed with 4,557.64 ETH and 4,289.52 ETH, respectively. Gemini experienced a net outflow of 8,521.05 ETH.

Terms & Concepts
  • Centralized Exchange: A cryptocurrency trading platform controlled by a single organization, such as Binance or Coinbase, which manages users’ funds and transactions.
  • Net Inflows: The total amount of cryptocurrency deposited into an exchange minus withdrawals during a specific period.
  • ETH: Abbreviation for Ethereum, a decentralized blockchain platform supporting smart contracts and the second-largest cryptocurrency by market capitalization.