What Does Binance’s Recent Bitcoin Transfer to Coinbase Indicate for the Crypto Market?

The post What Does Binance’s Recent Bitcoin Transfer to Coinbase Indicate for the Crypto Market? appeared first on Coinpedia Fintech News A recent report by CryptoQuant has revealed the transfer of 5,000 Bitcoins from Binance to its major market competitor, Coinbase. This transaction occurred shortly after Changpeng Zhao, the former CEO of Binance, announced his resignation. Following the transaction, Coinbase’s Bitcoin reserves increased by approximately 12,000 BTC, whereas Binance’s reserves decreased by 5,000 BTC. This transfer …