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 Despite heavy outflows, CEXs continue to be pillars of liquidity
The distribution of asset withdrawals across centralized exchanges reflect shifting priorities of crypto traders.
4 min read
Updated: Jun. 6, 2024 at 3:39 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
OKX
OKX is a world-leading digital asset exchange, providing advanced financial services to global traders by using blockchain technology.
Bitget
Bitget is a Seychelles-based cryptocurrency exchange platform established in 2018 that provides services for trading various digital assets.
Bybit
Bybit is a cryptocurrency derivative trading platform established in March 2018 and registered in the BVI.
Bitfinex
Bitfinex is a digital asset trading platform offering state-of-the-art services for digital currency traders and global liquidity providers.
Robinhood
Robinhood is an American financial services company headquartered in Menlo Park, California that was founded in April 2013 by Vladimir Tenev and Baiju Bhatt.
HTX
Huobi, 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.
