Summary
- CryptoQuant said stablecoin liquidity reached $68 billion, a record high.
- It reported that global crypto exchange Binance holds 67% of total stablecoin liquidity.
- CryptoQuant analyzed that high stablecoin liquidity increases market stability but that the market share gap between exchanges is widening.
On the 4th (local time), on-chain analytics platform CryptoQuant reported that stablecoin liquidity reached $68 billion, a record high.
In particular, global crypto exchange Binance held $44.2 billion, accounting for 67% of total liquidity, and OKX followed with $9 billion. Over the past 30 days, $2.2 billion flowed into Binance and $0.8 billion into OKX.
CryptoQuant analyzed that while this high liquidity contributes to market stability, the market share gap between exchanges is widening.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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