Binance Tops Another Crypto Chart by Receiving $900M in Flow Cash in Last 30 Days
Binance appears to be doing quite well when it comes to cash flow. In the last 30 days, the exchange received $900 million of new money.
Another exchange, BitFinex, does not appear to be doing as well. The platform lost $740 million in inflow.
Binance’s performance may be due to its margin trading offering on the platform, and the IEO craze.
Using data on https://t.co/IT7N6RZRBF, 30-day net cash flows from exchanges:
1. Binance: +$907,064,539
2. Bitstamp: +$735,856,974
3. Bittrex: +$16,034,858
4. KuCoin: -$253,105
5. Kraken: -$54,686,740
6: Poloniex: -$83,369,350
7. BitMex: -$310,965,504
8. BitFinex: -$740,219,625
— Nik Patel (@cointradernik) July 20, 2019