News
Despite heavy outflows, CEXs continue to be pillars of liquidity 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.

Despite heavy outflows, CEXs continue to be pillars of liquidity

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

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...