TL;DR
1.BTC: Cust. 594.6M, Exch. 609.4M. ETH: Cust. 4.1M, Exch. 4.3M.
2.POR indicates major asset influx to exchange, 15th release.
3.Binance: $12B trading volume, surpassing Coinbase's $2B. Also leads in website visits.
4.BNB rises to $313, driven by strong bull trend with RSI nearing 60.
Binance's 15th Proof-of-Reserve (POR) for February reveals an uptick in user and exchange balances compared to January.
Bitcoin's customer net balance exceeds 594.6 million, while the exchange's net balance stands at approximately 609.4 million. Ethereum's balance also sees an increase, with customer and exchange net balances surpassing 4.1 million and 4.3 million, respectively.
The POR suggests a trend where users are transferring more major assets to the exchange, marking the 15th release since its inception.
Binance maintains its dominance in the cryptocurrency market, leading in trading volume with over $12 billion in the last 24 hours. In contrast, Coinbase records a volume of about $2 billion during the same period. Binance also attracts significantly higher website visits compared to competitors.
BNB's daily timeframe chart depicts consistent uptrends, with a 1.52% increase on February 7, bringing its trading value to around $307. At the time of writing, BNB continues to rise, trading at about $313, influenced by a strong bull trend indicated by the Relative Strength Index (RSI) nearing 60.
Source: Trading View
Binance's 15th Proof-of-Reserve (POR) for February shows a rise in user and exchange balances compared to January. Bitcoin and Ethereum balances surge, with net balances surpassing 594.6 million and 4.1 million for Bitcoin, and 609.4 million and 4.3 million for Ethereum, respectively. The POR highlights a trend of major asset transfers to Binance, reinforcing its dominance in the crypto market with over $12 billion in trading volume. BNB exhibits a bullish trend, with consistent uptrends and a trading value of around $313, supported by strong RSI signals.
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