Despite heavy outflows, CEXs continue to be pillars of liquidity
Summary
Centralized exchanges (CEXs) continue to lead the crypto trading market, offering important insights into market sentiment via their inflows and outflows. Recently, Binance experienced a significant outflow of $1.541 billion over a 30-day period, which is much larger than other exchanges. This could potentially indicate future problems for the exchange. Meanwhile, two specific exchanges have seen significant positive inflows despite this instability.
