PiCK

Q3: $14.8 billion worth of stablecoins flowed into Binance

Son Min

Summary

Binance said it recorded a net inflow of $14.8 billion worth of stablecoins in Q3.
That figure significantly outpaced rival exchanges such as OKX and Bybit.
The inflowed stablecoins were assessed to potentially lead to a strengthening of fresh buying power(fresh buying power).

Binance solidified its lead among global centralized exchanges (CEX) by recording a net inflow of $14.8 billion (about 20 trillion won) in Q3 this year.

On the 3rd (local time), CryptoOnChain said on X (formerly Twitter), "During the third quarter, $14.8 billion worth of stablecoins flowed into Binance." This far outpaced OKX ($1.61 billion) and Bybit ($1.33 billion), widening the gap with rival exchanges. In particular, it was assessed that 'fresh buying power(fresh buying power)' has been strengthened, which could lead to new buying pressure.