אין די צווישן פון די קריפּטאָקוררענסי מאַרק אומזיכערקייט, קריפּטאָ טריידערז און ינוועסטערז are also careful about which בייַט they are using to trade their digital assets, which has led to some interesting observations in terms of recent holdings of two of the largest crypto trading platforms – Binance און קאָינבאַסע.
ספּעסיפיקאַללי, Blockware Solution’s lead insights analyst Will Clemente posted on July 18 a גלאַסנאָדע טשאַרט that compares and contrasts the change in Bitcoin (בטק) balances on Binance and Coinbase exchanges over time.
As it happens, Clemente has noticed that Binance and Coinbase have traded places in terms of which one of them held the most Bitcoin of any exchange.
Indeed, up until recent days, Coinbase, the older exchange of the two (founded in 2012), was in a convincing lead, but the situation has flipped in favor of Binance, which joined the crypto market in 2017.
Why the sudden change?
There are many potential reasons why the situation with Binance holding more Bitcoin has changed and why people are finding the exchange a more favorable place for selling and exchanging their crypto for fiat or other assets.
One of them is the increased public trust due to Binance’s public relations (PR) efforts, as well as high-profile partnerships, including the multi-year NFT deal with football star קריסטיאַנאָ ראָנאַלדאָ and the awareness-raising collaboration with famous Italian-Senegalese TikTok creator כאַבי בלייד אין יוני.
At the same time, Binance’s American affiliate, Binance.US, לאָנטשט נול-אָפּצאָל טריידינג in late June for 13 Bitcoin spot trading pairs in an effort to “generate positive user sentiment that will bring us new users,” with plans to eliminate charges for more tokens in the future on top of its traditionally נידעריק פיז, according to Binance.US CEO Brian Shroder.
Moreover, Binance also secured full regulatory approval in דובאַי אין מאַרץ, אין באַהראַין, france, און איטאליע אין מאי, ווי אויך אין ספּאַין אין יולי 2022.
In contrast, Coinbase has faced some troubles recently which may have contributed to the platform’s Bitcoin exchange balance, including the allegations of פּראַוויידינג the United States Immigration and Customs Enforcement (ICE) agency with data about its users, including their “historical geo-tracking data,” as well as transaction history.
On top of that, Coinbase’s new mobile application downloads on Google Play and App Store פּלאַנדזשד 55% between January and May 2022 – from about 2 million to 900,000, as פינבאָלד געמאלדן אין פרי יוני.
אָפּלייקענונג: דער אינהאַלט אויף דעם פּלאַץ זאָל ניט זיין געהאלטן ינוועסמאַנט עצה. ינוועסטינג איז ספּעקולאַטיווע. ווען ינוועסטינג, דיין קאַפּיטאַל איז אין ריזיקירן.
Source: https://finbold.com/binance-flips-coinbase-to-become-the-exchange-with-the-most-btc-held-globally/