$1.2 Billion Stablecoin Inflow to Binance: Flows Decline on Other Exchanges

Stablecoin inflows to Binance remain strong while liquidity flows on other major exchanges are declining.

On Monday, $1.235 billion worth of stablecoins flowed into Binance. According to CryptoQuant data, this amount remained above the exchange’s average inflows over the last two months. Binance thus diverged from the decline seen on other platforms.

Stablecoin flow, which increased with the Bitcoin rally, is cooling down

During Bitcoin’s rise from $62,000 to the $80,000 region, there was a significant increase in stablecoin inflows to exchanges. CryptoQuant states that the activity accompanying this rise has now returned to previous levels. Thus, the temporary stablecoin flow supported by the rally is weakening.

The picture across exchanges is not the same. While Binance and OKX maintain their inflows at relatively stable levels, Coinbase has been the platform where the fastest decline is observed. CryptoQuant reports that although a downward trend is observed in the short term, stablecoin inflows to Binance are still active.