Despite heavy outflows, CEXs continue to be pillars of liquidity

The distribution of asset withdrawals across centralized exchanges reflect shifting priorities of crypto traders.

centralized exchanges CEX

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Centralized exchanges (CEXs) dominate the crypto trading landscape despite the rising popularity of decentralized platforms. They provide key insights into market sentiment through their inflows and outflows. Recently, a startling pattern emerged: Binance saw a colossal $1.541 billion in outflows over 30 days, dwarfing all others. Could this be a sign of looming trouble for the exchange? Conversely, amidst this turbulence, towering positive inflows were noted for two specific exchanges. Find out which ones...