Binance’s bitcoin balance sees its largest one-day outflow ever and the price legitimacy for the exchange-native BNB token is called into question.
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.
Binance: FUD Or Legitimate Questions?
By far, one of the biggest winners in the aftermath of the FTX collapse has seemed — on the surface — to be Binance. After only having 7.82% market share of the bitcoin supply on exchanges in 2018, their share is now 27.50% despite a much broader trend of bitcoin supply leaving exchanges. The bitcoin balance on Binance now totals 595,864 BTC, which is 3.1% of outstanding supply, worth $10.58 billion. This bitcoin belongs to their customers and reflects a growing trend in market share over the last few years that has made Binance the lar
We współpracy z: https://bitcoinmagazine.com/business/assessing-binance-reserves-and-liabilities
