CryptoQuant CEO: Binance customers' BTC balances have increased by 25% this year.
"Despite years of FUD, Binance's client BTC balances have grown 25 per cent this year," Ki Young Ju, CryptoQuant's chief executive, said in an X post. "It has a 40 per cent share of the bitcoin reserve market in global PoR exchanges and is growing every year. Losing Binance will make it difficult for the global crypto ecosystem to recover for some time."