Binance Beats Coinbase To Become Top Bitcoin-Holding Exchange With Over $9B BTC Reserves – Bitcoin (BTC/USD)

binanceOne of the world’s largest cryptocurrency exchanges, with over 584,083 Bitcoin BTC/USD 9.34 billion worth in its reserves, data from CryptoQuant showed.

What happened: According to CryptoQuant, Binance has surpassed coinbase global coin To take the top spot in terms of bitcoin reserves on an exchange, marking absolute power during an overall crypto bear market.

Coinbase holds 533,048 BTC, while bitfinex is the third largest BTC holder with 345,534 BTC, followed by Gemini with 158,918 BTC and Kraken With 71,426 BTC.

See more: best crypto apps

“Every move by CZ will be of paramount importance in gaining confidence in this market, and vice versa; If he makes a mistake, it will be a huge red catastrophe for the whole market,” said CryptoQuant in its post, referring to the CEO of Binance Changpeng “CZ” Zhao,

Last week, Binance moved 127,351 bitcoins from its Proof of Reserve wallet to cold storage, on-chain data shows.

Read further: Bitcoin, Ethereum, Dogecoin Tumble: Analyst Sees Another Bear Rally as FTX Fallout Royale Continues for Crypto MarkTea

Leave a Comment

Your email address will not be published.

Then We Knew It Was on..” – Roman Reigns Shark Tank Keto Gummies Scam Alert? McDonald’s Halloween Buckets Could Be Back How to Watch Spacecraft Collide With Deep Space Asteroid Grand Theft Auto VI footage leaked after the hack Floyd Mayweather Jr boxer knocks out Mikuru Asakura martial artist