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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
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Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Binance, Gemini Boost Bitcoin Reserves Amid CEX Declines

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The post Binance, Gemini Boost Bitcoin Reserves Amid CEX Declines appeared first on Coinpedia Fintech News

Year-to-date data from CryptoRank.io reveals contrasting trends in Bitcoin reserves across major exchanges. This year has seen different trends in Bitcoin holdings across major exchanges. Binance and Gemini have increased their Bitcoin reserves, standing out as exceptions during a time when most centralized exchanges (CEXs) are experiencing declining reserves. Typically, reserves drop when Bitcoin prices rise and market activity grows, as traders move coins off exchanges. In contrast, Kraken and Bybit have seen significant reductions in their Bitcoin holdings. These changes highlight varying strategies and market responses among exchanges as they adapt to shifts in Bitcoin’s price and trading activity throughout the year.

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