Binance and Coinbase are seen as leading the latest rebound in the crypto market, according to a BlockBeats report published on Aug. 25. The report cites data showing that, as of Aug. 21, on the single biggest recent day for stablecoin inflows, Binance recorded net inflows of about $2.0261 billion while Coinbase posted roughly $1.4472 billion. Combined, the two exchanges accounted for more than half of total market inflows.
The report frames those inflows as a sign of rising potential buying power on trading platforms. Based on that reading, Binance and Coinbase may be acting as the main venues driving the market’s recent upward move. The piece presents this as a market view tied directly to exchange stablecoin flows, without adding broader price targets or extra market data beyond the figures cited.
Binance and Coinbase are being viewed as the main drivers of the market’s recent rebound, according to a BlockBeats report published on Aug. 25.
Data cited in the report shows that, as of Aug. 21, on the largest recent single day for stablecoin inflows, Binance recorded net inflows of about $2.0261 billion and Coinbase saw net inflows of about $1.4472 billion. Together, the two trading platforms accounted for more than half of total market inflows.
On that basis, the report says large stablecoin inflows to exchanges point to an increase in potential buying power. It adds that Binance and Coinbase may be the main force behind the latest rise in the crypto market.
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