Binance Sees Inflow of $24.48 Million in ETH to Ceffu

IconCryptoNewsTerminal Staff13 Aug, 2024

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Binance Sees Inflow of $24.48 Million in ETH to Ceffu

Binance has seen an influx of $24.48 million worth of ETH to Ceffu, a subsidiary custody platform. This transaction was noted by on-chain analyst The Data Nerd, who observed the movement of 9,209 ETH from a Binance address to Ceffu just 30 minutes prior to their report. This substantial inflow highlights the continued activity and trust in Binance as a major player in the cryptocurrency market. The movement of such a large sum of ETH suggests that investors and traders are confident in Binance's services and security measures.