While the recent crypto currency collapse brought some cryptocurrency exchanges to the brink of bankruptcy, some exchanges were even able to grow in this market.
While Coinbase, one of the major crypto money exchanges, stopped recruitment recently, Binance increased its purchases in the opposite direction. When we look at the Bitcoin treasures of the exchanges, we see that Coinbase lost the leadership to Binance.
Coinbase and Binance, two of the important names in the crypto money industry, have been in fierce competition as crypto exchanges for years. Especially considering the development of Coinbase from the beginning of 2021 to the first quarter of 2021, we can say that it has grown quite rapidly. But after regulatory pressures and the recent market crash, the stock market has bled a lot. The stock market, which first suspended its growth targets, came to the fore with news of bankruptcy many times afterwards.
On the contrary, Binance has been following an active growth policy recently. Announcing that they will receive more than 2,000 employees a short time ago, the stock market also shared that they can help crypto companies that have recently been in a difficult situation. Finally, considering Binance's Bitcoin reserves, it can be considered quite normal for it to surpass Coinbase. So much so that Coinbase, which was frequently on the agenda with the news of bankruptcy and score decline, lost the trust of its customers and experienced an increase in Bitcoin withdrawal transactions.
According to CoinGecko data, Bitcoin price was recorded as $24,138 at the time of writing, while the last 24-hour trading volume of BTC was $45,295,198,924. The price of the leading cryptocurrency Bitcoin (BTC) has increased by 4.5% in the last 24 hours. There is a supply of 19 Million BTC coins in circulation, a total supply of 21 Million coins. Binance is currently the most active market for BTC trading.