Binance Is The Crypto Exchange with Most Bitcoins
According to a study carried out by CryptoQuant, the largest volume of Bitcoins is listed on Binance.
The experts of the company have compiled a rating of centralized trading platforms, to which investors began to move cryptocurrency after the collapse of FTX.
In parallel, the firm has recorded an increase in the outflow of BTC from centralized exchanges to both offline storage and decentralized platforms.
The withdrawal of assets from trading floors was the result of investors’ fears that exchanges, following FTX, could suspend transaction processing and freeze their funds, just as happened with FTX.
As a result of all these movement of crypto, Binance has become the crypto exchange with the largest amount of Bitcoins.