Binance, Bitfinex Takes Lead in Bitcoin Accumulation, Coinbase Trails Behind
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Binance, Bitfinex Takes Lead in Bitcoin Accumulation, Coinbase Trails Behind Bitcoin [BTC] has emerged as the uncontested front-runner among crypto assets, drawing the interest of investors, traders, and enthusiasts globally. BTC has transitioned from being associated with the dark web to being cons
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Binance has emerged as the leading exchange in Bitcoin accumulation, with a growth of 421,000 BTC over the past three years, according to a report by Glassnode. Bitfinex secured the second position with a surge of 250,000 BTC, while Coinbase experienced a significant setback with a decline of 558,000 BTC over the same period. The report also highlights a significant shift in Bitcoin supply ownership patterns, with U.S. entities holding 11% less BTC than they did in June 2022, while investors active during Asian trading hours have picked up 9.9%. The lack of regulatory clarity could be the reason behind Coinbase's plummet in Bitcoin balance.
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- Binance, Bitfinex Takes Lead in Bitcoin Accumulation, Coinbase Trails Behind
- Bitcoin [BTC] has emerged as the uncontested front-runner among crypto assets, drawing the interest of investors, traders, and enthusiasts globally. BTC has transitioned from being associated with the dark web to being considered a potential alternative to the U.S. dollar, fueling its demand. As a result, investments in Bitcoin on various exchanges...
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