Binance’s Bitcoin Dominance Sharply Rises, Now Holds 22.6% Of Total Exchange Supply
On-chain data suggests Binance has seen some sharp growth in its Bitcoin dominance over the past couple of years, leading to the crypto exchange now holding more than 22% of the total reserve.
According to the latest weekly report from Glassnode, the crypto exchange now holds 22% of the total exchange reserve, a pretty significant amount.The crypto exchange's BTC balance now stands at 22.6% of the total exchange supply, meaning it holds around 577k BTC today.
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