The number of bitcoins on the Binance exchange has risen sharply over the past four weeks.
Glassnode analysts recorded the largest inflow of cryptocurrency on the trading floor since the FTX crash last November. Its volume on Binance’s exchange wallets grew by more than 52,000 BTC in April.
Investors sent a total of about $1.5 billion in digital currency to the platform. Thus, its balance on the exchange reached 692,880 BTC.