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Binance Shrinks, Coinbase Expands in Shifting Bitcoin Reserves

From financemagnates.com

The latest data compiled by CryptoQuant has highlighted a notable movement in Bitcoin reserves between Binance and Coinbase. The report revealed a decrease of 5,000 BTC in Binance's reserves and an increase of around 12,000 BTC in Coinbase's holdings. Analysts have attributed this trend to retail outflows from Binance, likely prompted by the legal concerns surrounding the exchange. According to Bradley Park, a Web 3 analyst at CryptoQuant, as quoted by Coindesk, Binance's decreasing Bitcoin reserves result from retail investors moving funds to compliant or licensed exchanges.. Resignation, Settlement, and Market ... (full story)

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