Binance Reports $1.2 Billion of Inflows As Market Sentiment Turns Bullish After Crash

On August 5, Binance recorded an impressive $1.2 billion in net inflows, a response to a significant downturn in cryptocurrency prices. This influx is among the highest for the year, signaling robust investor confidence, according to Binance CEO Richard Teng. He highlighted this achievement in an August 6 post on X, referencing data from DefiLlama’s centralized exchange (CEX) transparency dashboard. The dashboard now indicates that Binance’s net inflows have surged by more than $2.2 billion in the past 24 hours, bringing its total to $101.2 billion. Other exchanges like Bybit, Crypto.com, and OKX also saw notable increases in inflows, totaling

Source: CryptoIntelligence