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Glassnode data shows Binance’s Bitcoin holdings surpass Coinbase

Popular crypto analyst Will Clemente, citing Glassnode data, revealed that Binance now holds more Bitcoin (BTC) units than its rival Coinbase.
The flippening: Binance has surpassed Coinbase for having the most BTC of any exchange pic.twitter.com/oNt4boKdBL — Will Clemente (@WClementeIII) July 18, 2022The data showed that Binance BTC holdings crossed the 600,000 mark, and Coinbase’s holdings dropped below that level.
Coinbase has had the largest BTC holdings amongst crypto exchanges for a while now, with its holdings at one time over 800,000 units.
Coinglass data as of July 18 showed that Coinbase still had the highest Bitcoin holdings with over 600,000 units while Binance had over 500,000.
However, the data showed that Coinbase had recorded 10,888 outflows in the last seven days, while Binance recorded almost 20,000 inflows within the same period.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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