<ul><li>Large MATIC transfers indicate growing trader confidence in Binance.</li><li>Coinbase emerges as a favored platform for substantial BTC and ETH transfers.</li></ul>Over the last 12 hours, Whale Alert has recorded several large cryptocurrency transactions targeting two leading exchanges, Binance and Coinbase. Traders have ramped up their activities on these platforms, potentially showcasing renewed trust and support in these marketplaces.According to sources, the primary cryptocurrency that was seen moving to Binance was MATIC (Polygon). An impressive 115,270,000 MATIC (valued at approximately 95,455,693 USD) was transferred from an unknown wallet to Binance.Shortly after, an additional 79,564,483 MATIC (approximately 65,882,384 USD) transferred from Polygon Staking to an unknown wallet. These substantial transactions illustrate the growing interest in Polygon and the increasing <a href="https://thenewscrypto.com/nft-whale-transfers-millions-worth-of-nfts-to-binance-to-show-support/" rel="noopener noreferrer nofollow">confidence</a> of traders in leveraging Binance for their trading requirements.<h3 id="coinbase-s-ascendancy-in-bitcoin-and-ethereum-transfers">Coinbase’s Ascendancy in Bitcoin and Ethereum Transfers</h3>On the other hand, Coinbase emerged as the favored platform for Bitcoin (BTC) and Ethereum (ETH) movements. A considerable 2,146 BTC, equivalent to approximately 55,773,807 USD, along with 19,077 ETH, valued around 34,683,428 USD, moved from unidentified wallets to Coinbase.Several hours later, another large ETH transfer of 18,752 ETH (approximately 33,917,178 USD) followed suit. These transactions reflect traders’ confidence in utilizing Coinbase as a secure platform for their Bitcoin and Ethereum transactions. Continue To Read <a href="https://thenewscrypto.com/binance-and-coinbase-witness-significant-crypto-inflows-a-symbol-of-renewed-trader-trust/" rel="noopener noreferrer nofollow">&#64;TheNewsCrypto</a>

Binance and Coinbase Witness Significant Crypto Inflows; A Symbol of Renewed Trader Trust?

Table of Contents

TheNewsCrypto

Alte articole publicate pe 7 iun. 2023

IDEAS 💡- IDEAS DAO Online!

Millionaire Partner

The Best Crypto Casinos 2024

Missed out on Dogecoin? Shift your focus to InQubeta the new 30x AI Crypto Token

Top 3 Polygon Coins for 2023

Chainlink price prediction 2024-2030: A strong buy sentiment for LINK?

Join our free newsletter for daily crypto updates!