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Binance overtakes Coinbase and now has the most BTC

Even with the negative news surrounding the exchange, Coinbase is catching up when it comes to bitcoin holdings.

By Finst News
• 2 min read
Binance overtakes Coinbase and now has the most BTC

Despite the negative news around the exchange, Coinbase has moved up when it comes to bitcoin ownership. According to a View post on X from on-chain analyst Will Clemente, Binance has for the first time more Bitcoin (BTC) in hand than Coinbase. This comeback move marks a changing of the guard.

While Coinbase contends with rumors of looming bankruptcy and mass layoffs, Binance is on the hunt for new staff. Still, the largest exchange landed in negative headlines and was fined over €3.3 million for not being registered with the DNB.

Binance also has a clear edge on trading volume. With $24 billion in daily trades, investors are moving roughly eight times as much as on the Coinbase platform.

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