Binance Goes Big on Stablecoins, Dumps Billions in Bitcoin & ETH

Quick Summary:

Binance has significantly reduced its Bitcoin (BTC) and Ethereum (ETH) holdings, converting a large portion of these assets into the stablecoin USDC.  According to data shared by AB Kuai Dong, between January and February 2025, Binance’s BTC reserves fell from 46,896 to 2,747 (-94.1%).

At the same time, its ETH holdings dropped from 216,313 to […]

The post Binance Goes Big on Stablecoins, Dumps Billions in Bitcoin & ETH appeared first on Coin Edition.

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Author / Journalist: Abdulkarim Abdulwahab

Category: Crypto

Markets: IndiaJapan

Topics: Top Crypto News Market Market News Bitcoin News Ethereum (ETH) Binance News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-11 @ 19:04:00 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 149 words

Reading Time: 1 minutes read

Sentences: 50 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 26091108

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