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Posted: December 15, 2024
- Binance exchange saw strong growth in stablecoin inflows, aiding in its market dominance
- A recap of BSC network activity and BNB ($870.62)’s price action is worth highlighting too
Binance’s dominance is becoming more apparent and influential as the market continues to heat up. In fact, recent reports suggest that the crypto exchange has been noting a surge in stablecoins lately and thus, liquidity.
According to a recent CryptoQuant analysis, Binance currently controls roughly 67% of the total stablecoin reserves held on all exchanges. In other words, it is the most liquid exchange....
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