{"id":88861,"date":"2024-08-06T14:55:49","date_gmt":"2024-08-06T18:55:49","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=88861"},"modified":"2024-08-06T14:55:55","modified_gmt":"2024-08-06T18:55:55","slug":"crypto-volatility-drive-1-2b-inflows-to-binance","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/crypto-volatility-drive-1-2b-inflows-to-binance\/","title":{"rendered":"Crypto Volatility Drives $1.2B Inflows to Binance"},"content":{"rendered":"\n

Amid recent market volatility,<\/a> Binance saw $1.234 billion in 24-hour inflows despite low reserves.<\/p>\n\n\n\n

\"Crypto
Crypto Volatility Drives $1.2B Inflows to Binance<\/figcaption><\/figure>\n\n\n\n

Trading activity has been highly volatile in the crypto markets<\/a> over the past few days, with significant fluctuations occurring. Reserves have increased from August 3 to the present, despite being at a record low, according to exchange reserve data from cryptoquant.com.<\/p>\n\n\n\n

Binance recorded $1.234 billion in 24-hour inflows, according to Defillama.com's centralized exchange transparency metrics.<\/p>\n\n\n\n

Binance, the largest global crypto exchange in terms of trade volume and reserves, presently maintains $102 billion in crypto assets, as indicated by Arkham Intelligence data. Of this, bitcoin (BTC)<\/a> accounts for $37.49 billion, tether (USDT) for $25.31 billion, and ethereum (ETH) for $11.43 billion.<\/p>\n\n\n\n

Richard Teng, the CEO of Binance, said that the inflows that were observed over the past day were among the largest of the year.<\/p>\n\n\n\n

\u201cThis marks one of the highest net inflow days of 2024,\u201d Teng said in a note sent to Bitcoin.com News. \u201cDespite facing significant market downturns over the past several hours, this potentially indicates investors\u2019 confidence and interest in buying in at a lower cost when they deem it\u2019s the right timing.The current market trends also validate this observation, as we are witnessing a rebound in the prices of major tokens. According to our internal data, yesterday also was one of the highest trading volume\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> days in 2024.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Amid recent market volatility, Binance saw $1.234 billion in 24-hour inflows despite low reserves. Trading activity has been highly volatile in the crypto markets over the past few days, with significant fluctuations occurring. Reserves have increased from August 3 to the present, despite being at a record low, according to exchange reserve data from cryptoquant.com. […]<\/p>\n","protected":false},"author":36,"featured_media":88882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[21150,326,10409],"class_list":["post-88861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-2b","tag-binance","tag-crypto-volatility"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/08\/Binance-kanchanara-EyabHDAgbE-unsplash-scaled-1.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/88861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=88861"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/88861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/88882"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=88861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=88861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=88861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}