Centralized exchanges (CEXs) dominate the crypto trading landscape despite the rising popularity of decentralized platforms. They provide key insights into market sentiment through their inflows and outflows. Recently, a startling pattern emerged: Binance saw a colossal $1.541 billion in outflows over 30 days, dwarfing all others. Could this be a sign of looming trouble for the exchange? Conversely, amidst this turbulence, towering positive inflows were noted for two specific exchanges. Find out which ones...
Despite heavy outflows, CEXs continue to be pillars of liquidity
The distribution of asset withdrawals across centralized exchanges reflect shifting priorities of crypto traders.
In this article
Binance
Exchange Company in Asia, EuropeBinance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
OKX
Exchange Company in AsiaOKX is a world-leading digital asset exchange, providing advanced financial services to global traders by using blockchain technology.
Bitget
Exchange Company in AfricaBitget is a Seychelles-based cryptocurrency exchange platform established in 2018 that provides services for trading various digital assets.
Bybit
Exchange Company in AsiaBybit is a cryptocurrency derivative trading platform established in March 2018 and registered in the BVI.
Bitfinex
Exchange Company in AsiaBitfinex is a digital asset trading platform offering state-of-the-art services for digital currency traders and global liquidity providers.
Robinhood
Exchange Company in North AmericaRobinhood is an American financial services company headquartered in Menlo Park, California that was founded in April 2013 by Vladimir Tenev and Baiju Bhatt.
HTX
Exchange, Mining Pool, Venture Capital Company in AsiaHuobi, a virtual asset exchange, launched a revised branding strategy on September 13, 2023, where “Huobi” will be rebranded as “HTX.” “H” stands for Huobi, “T” represents TRON with a commitment to being all in TRON, and “X” stands for the exchange.