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Binance Dominates Exchange Inflows Amidst August Price Volatility

Guavy AI Editorial Team
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Binance dominated digital asset exchange inflows in August, accounting for over 75% of total centralized exchange flows. According to data, Binance secured $15.7 billion in inflows during this period.

This surge in inflows was accompanied by a significant increase in trading volume, with Binance's average daily spot volume climbing from $4.75 billion to $13.69 billion, a 188% rise.

Binance also saw an increase of $2.63 billion in its Bitcoin holdings during August, while OKX's balances rose by $1.27 billion.

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