CryptoPotato recently reported that upwards of $8 billion worth of crypto was withdrawn from centralized exchanges following the FTX collapse. Now, data shows that Binance has the largest reserve of BTC for the first time.
Data from the popular analytics resource CryptoQuant reveals that Binance has become the exchange with the largest BTC reserves for the first time.
While most of the reserves of other exchanges decreased, not much or less, for the first time, Binance has surpassed Coinbase Pro to take the top spot in terms of Bitcoin reserves on the exchange, marking absolute strenght during this bloody period. – Said an analyst.
(By George Georgiev)