Friday, February 3, 2023
No Result
View All Result
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
No Result
View All Result
Home Cryptocurrency

Binance Now Holds More Bitcoin than Coinbase

Updates Finance by Updates Finance
July 20, 2022
in Cryptocurrency
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Optimism Plans to Enhance L2 Scaling Network With ‘Bedrock’ Upgrade in March  – Technology Bitcoin News

Why are Bitcoin and crypto pumping after the Fed meeting? Watch Market Talks live

Render token up 17% after DAO approves burn & mint mechanism

According to the data from Glassnode, Binance surpassed Coinbase on 18 July 2022 and became the crypto exchange with the most Bitcoin holdings in the world. Since the start of 2020, Binance has seen a gradual increase in its BTC holdings.

Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.

Coinbase, on the other hand, has struggled to maintain its Bitcoin holdings in the past few years. In the last 26 months, the overall Bitcoin balance on Coinbase has dipped almost 40%. During the same period, Binance witnessed a jump of nearly 100% in its BTC assets.

“The flipping: Binance has surpassed Coinbase for having the most BTC of any exchange,” Will Clemente, a crypto analyst, mentioned in a recent tweet.

Coinbase has been struggling for the past few months amid the latest crypto winter. In addition to a sharp dip in its BTC holdings, the digital exchange laid off almost 18% of its global workforce. Coinbase stock (COIN), on the other hand, has lost more than 70% of its value since the start of 2022.

Keep Reading

Bitcoin’s Rebound

After a massive correction, Bitcoin bulls made a strong comeback on Tuesday after the world’s largest digital asset jumped over 5%. On Wednesday, Bitcoin touched a high of $23,600.

“The Bitcoin market has corrected hard, and fast in 2022, driven by the unwind of excess leverage, and a plethora of forced sellers and liquidations. In a relatively short 7-month period, BTC has traded from an ATH, all the way into what resembles a bear market bottom. Against a backdrop of extremely challenging macroeconomic and geopolitical turmoil, Bitcoin is reaching peak investor saturation by high conviction HODLers, and it is becoming quite plausible that a genuine bottom formation could be underway,” Glassnode noted in its report.

Whale Bitcoin movements from Coinbase to other digital exchanges and unknown wallets have played a major role in the latest decline in its BTC holdings.

According to the data from Glassnode, Binance surpassed Coinbase on 18 July 2022 and became the crypto exchange with the most Bitcoin holdings in the world. Since the start of 2020, Binance has seen a gradual increase in its BTC holdings.

Coinbase, on the other hand, has struggled to maintain its Bitcoin holdings in the past few years. In the last 26 months, the overall Bitcoin balance on Coinbase has dipped almost 40%. During the same period, Binance witnessed a jump of nearly 100% in its BTC assets.

Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.

“The flipping: Binance has surpassed Coinbase for having the most BTC of any exchange,” Will Clemente, a crypto analyst, mentioned in a recent tweet.

Coinbase has been struggling for the past few months amid the latest crypto winter. In addition to a sharp dip in its BTC holdings, the digital exchange laid off almost 18% of its global workforce. Coinbase stock (COIN), on the other hand, has lost more than 70% of its value since the start of 2022.

Keep Reading

Bitcoin’s Rebound

After a massive correction, Bitcoin bulls made a strong comeback on Tuesday after the world’s largest digital asset jumped over 5%. On Wednesday, Bitcoin touched a high of $23,600.

“The Bitcoin market has corrected hard, and fast in 2022, driven by the unwind of excess leverage, and a plethora of forced sellers and liquidations. In a relatively short 7-month period, BTC has traded from an ATH, all the way into what resembles a bear market bottom. Against a backdrop of extremely challenging macroeconomic and geopolitical turmoil, Bitcoin is reaching peak investor saturation by high conviction HODLers, and it is becoming quite plausible that a genuine bottom formation could be underway,” Glassnode noted in its report.

Whale Bitcoin movements from Coinbase to other digital exchanges and unknown wallets have played a major role in the latest decline in its BTC holdings.





Source link

Tags: BinanceBitcoinCoinbaseholds
Share30Tweet19
Updates Finance

Updates Finance

Recommended For You

Optimism Plans to Enhance L2 Scaling Network With ‘Bedrock’ Upgrade in March  – Technology Bitcoin News

by Updates Finance
February 2, 2023
0

The Ethereum scaling network Optimism, which operates as a layer two (L2) network, announced plans to upgrade its network in March. The upgrade, named “Bedrock,” aims to increase...

Read more

Why are Bitcoin and crypto pumping after the Fed meeting? Watch Market Talks live

by Updates Finance
February 2, 2023
0

In this week’s episode of Market Talks, Cointelegraph welcomes Budd White, chief product officer and co-founder of Tacen, a United States-based software company developing compliance software for a well-regulated crypto...

Read more

Render token up 17% after DAO approves burn & mint mechanism

by Updates Finance
February 2, 2023
0

Render Network announced that it has received governance approval to implement a burn and mint equilibrium (BME) mechanism for its native token — RNDR.RNDR surged over 17% to...

Read more

January 2023 Reaches Nearly $1 Billion in 30 Days With 41% Increase – Markets and Prices Bitcoin News

by Updates Finance
February 2, 2023
0

Non-fungible token (NFT) sales increased 41.96% from the previous month, according to data recorded on Feb. 1, 2023. NFT sales reached nearly $1 billion in 30 days, with...

Read more

Fed Meeting Today: What Does it Signal for Cryptocurrency? | by Augustus | The Capital | Feb, 2023

by Updates Finance
February 2, 2023
0

The Federal Reserve (Fed) is expected to increase interest rates by a quarter point (25 bps) today while indicating its ongoing commitment to combating inflation despite decreasing the...

Read more
Next Post

Indian millennials are spending more on their health

Related News

Sustainable IT: An environmental and social approach to business tech

October 24, 2022

2 Options Trades Ahead of NFLX Q3 Report

October 17, 2022

CES 2023: Citizen’s newest smartwatch puts NASA on your wrist

January 6, 2023

Browse by Category

  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Personal Finance
  • Retirement
  • Startups
  • Technology

Get the latest Financial news on updatesfinance.com. Business news, Economy news, Investing news, Personal Finance and more.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Personal Finance
  • Retirement
  • Startups
  • Technology

Recent News

  • This Is Where Subway’s Co-Founder Left Half of His Fortune
  • Ascendant Resources Announces High Grade Copper Assay Results Supporting High-Grade Copper Corridor at the Venda Nova South Zone

Copyright © 2022 - Updates Finance..

No Result
View All Result
  • Home
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Updates Finance..

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?