CEX exchanges record significant outflows in 30 days
The post CEX exchanges record significant outflows in 30 days appeared on BitcoinEthereumNews.com.
A report of the top 10 centralized exchanges (CEX) by asset value revealed that 9 out of 10 recorded significant outflows in the past month. According to DefiLlama, only one centralized exchange platform, Bitfinex, recorded significant inflows of $208.51 million. Over the past month, many centralized exchange platforms have witnessed net withdrawals from their platforms. According to a detailed analysis by DefiLlamma, out of the top ten listed centralized exchanges (CEXs), only Bitfinex recorded net inflows in the past 30 days. The report analyzed the top centralized exchanges, with the exception of Coinbase. DefiLlama reportedly has no access to Coinbase data. Also Read: Kraken Considers Delisting USDT in Response to New EU Regulations Major cryptocurrencies have recorded a slowdown in their bullish momentum. For example, Bitcoin’s price reduced by 0.56% in the last 24 hours, according to Coinmarketcap data. The largest cryptocurrency has also recorded a 5.53% decline in the past week. The massive outflows from the top centralized exchanges by asset value range from $13.8 million on Crypto.com to $636.52 million on the OKX platform. Top CEXs recorded major outflows in the last month The DefiLlama data analysis of centralized exchanges ranges from May 12th to June 11th. During this period, the OKX exchange platform recorded the highest outflows. According to the data, OKC registered a negative inflow of $636.52 million last month. The OKX CEX was closely followed by the Robinhood exchange, which recorded $430.27 million outflows during the same period. DefiLlama Data on CEXs: Source DefiLlama Bybit recorded the third largest outflow in the last 30 days, with $244.12 million. Kucoin and HTX also managed to record outflows above $100 million. According to DefiLlama’s data, the Kucoin exchange’s outflows were $146.08 million, while the HTX exchange recorded $139.77 million. Bitstamp has a lower net outflow than the…
Filed under: News - @ June 12, 2024 11:26 am