Binance Dominates Exchange Flows with $15.7B Inflows Amid Crypto Market Rebound

The cryptocurrency market has seen a significant rebound over the past month, and exchange net flows have turned positive as a result. Binance, one of the largest exchanges, recorded approximately $15.7 billion in net inflows, accounting for around 75% of total positive inflows across exchanges with reported data.

This represents a substantial increase in activity at Binance, with its inflows being roughly 8.4 times larger than the second-largest positive inflow on record. Smaller venues, however, saw more mixed and fragmented flows during this period.

The concentration of exchange net flows among the largest venues is notable, indicating a shift towards larger exchanges in the market.