Binance Receives 2,392.46 BTC, Worth 187.9 Billion Won
CryptoNewsTerminal Staff07 Aug, 2024
Binance Receives 2,392.46 BTC, Worth 187.9 Billion Won
Binance, the world's largest cryptocurrency exchange, recently received a massive inflow of Bitcoin (BTC) worth 187.9 billion won (US$173 million), according to CryptoQuant Alarm. The transaction involved a whopping 2,392.46 BTC, which was deposited into Binance's wallets on February 24, 2023. This significant influx of BTC is a positive indicator for the exchange's liquidity and its position as a major player in the cryptocurrency market. Binance has been at the forefront of the cryptocurrency industry, offering a wide range of trading pairs, innovative features, and a user-friendly platform. The recent BTC inflow is likely due to the exchange's strong reputation, security measures, and extensive global reach. This influx of BTC is a testament to Binance's commitment to providing a reliable and secure platform for cryptocurrency trading and investment. It also highlights the growing interest in Bitcoin and other cryptocurrencies among investors around the world.
