CW8900
Stablecoin inflows to Binance remain robust.
On Monday, $1.235 billion of stablecoins inflowed to Binance. This amount exceeds the average inflow over the past two months, indicating robust funds inflows to the exchange. However, stablecoin inflows to other exchanges have declined. The surge in inflows that accompanied Bitcoin's rise from the 62k to 80k range is now reverting to previous levels. The temporary spike in stablecoin inflows driven by the price rally is subsiding. While Binance and OKX are maintaining relatively stable levels, Coinbase is experiencing the most rapid decline in stablecoin inflows. Despite a short-term bearish trend, stablecoin inflows to Binance remain active.