CandleFocus Binance's XRP Holdings Spike: Is Bull Run Back?
2024-10-08
Author: Content Editor
Binance, the largest crypto exchange, has released a report on the ratio between customers' net balances and the exchange's reserves. XRP reserves on Binance have seen a notable increase, with customer net balances increasing by 6% in one month. Binance has also increased its net balance to match its customers, adding over 330 million XRP. This increase indicates that Binance customers have been buying more XRP, suggesting bullish sentiment among traders and investors. Stablecoin reserves on Binance, such as USDT, have seen a decline over the past month. While stablecoin inflows have been popular in recent months, it remains to be seen if this trend will continue.
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