Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Ripple Spotlights Major Dates All XRP Holders Should Mark

12/07/2025

Chinese Regulator Mulling ‘Major’ Crypto Pivot

12/07/2025

MyTonWallet Pay’s Tokenstore debut brings TON one step closer to cash

12/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    which is the better buy?

    12/07/2025

    El Salvador Overtakes North Korea in Bitcoin Holdings After Lazarus Group’s Reduction

    12/07/2025

    Bitcoin price could hit $140k as institutional interest rises: MEXC COO

    12/07/2025

    $878,917,974 Bitcoin Stun Largest US Crypto Exchange, Coinbase

    12/07/2025

    Massive Binance Whales’ Ethereum (ETH) Accumulation: Is Supply Shock Incoming?

    11/07/2025

    Ethereum (ETH) Price Prediction for July 8

    11/07/2025

    Ethereum Whale Moves Signal Price Surge Incoming – Will ETH Hit $3,000 Soon?

    11/07/2025

    It’s Time for Ethereum (ETH), Which Lags Behind Bitcoin, to Explode! Analyst Points to This Week!

    11/07/2025

    Ripple Spotlights Major Dates All XRP Holders Should Mark

    12/07/2025

    T, AB, GNS, SEI, & HSK Lead Top Crypto Assets in Strong Accumulation Phase, Sets for Price Rally 

    12/07/2025

    Over 130M $GALA Bridged Daily as Node Staking Changes Go Live

    12/07/2025

    Memecoin PNUT Rips on Elon Musk’s Epstein Cue

    12/07/2025

    Volume Plunges While Transactions Soar

    11/07/2025

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

    10/07/2025

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    10/07/2025

    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

    09/07/2025

    Ripple Spotlights Major Dates All XRP Holders Should Mark

    12/07/2025

    Chinese Regulator Mulling ‘Major’ Crypto Pivot

    12/07/2025

    MyTonWallet Pay’s Tokenstore debut brings TON one step closer to cash

    12/07/2025

    Akave Launches Decentralized Data Layer on Avalanche with Akave Cloud

    12/07/2025
  • Blockchain

    Akave Launches Decentralized Data Layer on Avalanche with Akave Cloud

    12/07/2025

    DeepLink and Roam Unite to Build Borderless Cloud Access and Gaming

    10/07/2025

    A Breakthrough for Blockchain Exploration

    10/07/2025

    Dechat Forges Partnership with Bullbit AI to Transform AI-Driven Trading Infrastructure

    10/07/2025

    It May Also Be Developing Its Own Blockchain!

    10/07/2025
  • DeFi

    Plume Launches SkyLink on TRON to Enable Real-World Asset Yields

    11/07/2025

    EUL Hits New All-Time High Led by Protocol Growth

    11/07/2025

    AscendEX Forges Partnership with M3 DAO to Bridge Real-World Finance and Web3

    11/07/2025

    Aave Outperforms DeFi Sector with 52% TVL Surge in Q2

    11/07/2025

    Bitcoin Exchange Bithumb Shares New Listing Announcement! Here’s the Listed Altcoin

    11/07/2025
  • Metaverse

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025

    Bonk.fun Grabs 55% of Solana Token Issuance Share, Pushes BONK Demand

    08/07/2025

    Apple’s Top AI Exec Leaves For Meta Amid Aggressive Hiring Trend

    08/07/2025

    Automobili Lamborghini Unveils Digital Temerario and GT3 NFTs in Wilder World

    07/07/2025

    Microsoft’s AI Diagnoses Like House, Bills Like Costco

    02/07/2025
  • Regulation

    More Bitcoin? Crypto Should Account for Up to 40% of Portfolios, Influential Financial Advisor Says

    12/07/2025

    Tensions Escalate Between Donald Trump and Fed Chair Jerome Powell – Trump Sends Handwritten Letter – Here Are the Details

    12/07/2025

    Circle, One of the Largest Stablecoin Companies, Files Critical Bank Application in the US

    12/07/2025

    Goldman Sachs Changes Its Forecast for When the US Will Cut Interest Rates – Here’s the New Date

    12/07/2025

    Hut 8 tightens Trump family ties through American Bitcoin

    12/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    MyTonWallet Pay’s Tokenstore debut brings TON one step closer to cash

    12/07/2025

    Stunning Fact About Binance’s CZ Revealed by Anthony Pompliano

    12/07/2025

    Morning Release from South Korea! Two New Altcoins Listed, Prices See Sharp Rise!

    12/07/2025

    The winners and losers of Phantom’s Hyperliquid integration

    12/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Blazpay and Onmi AR Unite to Elevate Web3 Gaming Experience

    10/07/2025

    Floki’s Valhalla Surpasses 100K Veras Minted Within Days of Launch

    09/07/2025

    Gear Runner Integrates with Meta Arena to Deliver Gamified Real-World Activity and Move to Earn for GameFi Fans

    09/07/2025

    Off The Grid studio unveils Solana cofounder-inspired skin

    09/07/2025

    Russia elevates AI over Bitcoin with impending ban on data center mining

    11/07/2025

    BIT Mining Stock Soars After Bitcoin, Dogecoin Miner Reveals $300 Million Solana Pivot

    11/07/2025

    Shareholders push back against high pay for public Bitcoin miner execs after record equity grants

    11/07/2025

    KULR Mining Hits 750 PH/s With New Bitmain Mining Rigs Stationed in Paraguay

    10/07/2025

    Chinese Regulator Mulling ‘Major’ Crypto Pivot

    12/07/2025

    Is Regulation Getting More Hostile?

    12/07/2025

    European Union’s SEC Issues Cryptocurrency Warning!

    12/07/2025

    SEC’s Halt of ETF Holding XRP and Solana Has Investors ‘Suffering Harm’, Grayscale Says

    12/07/2025

    Ripple Spotlights Major Dates All XRP Holders Should Mark

    12/07/2025

    Chinese Regulator Mulling ‘Major’ Crypto Pivot

    12/07/2025

    MyTonWallet Pay’s Tokenstore debut brings TON one step closer to cash

    12/07/2025

    Akave Launches Decentralized Data Layer on Avalanche with Akave Cloud

    12/07/2025
  • MarketCap
NBTC News
Home»Exchanges»Binance Taps Cold Wallet Reserves as Bitcoin Outflows Spike
Exchanges

Binance Taps Cold Wallet Reserves as Bitcoin Outflows Spike

NBTCBy NBTC23/11/2024No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


According to the creator of timechainindex.com, Binance, one of the leading cryptocurrency exchanges, has recently experienced “significant outflows.” This activity has reportedly prompted the platform to tap into its cold wallet reserves to manage the situation.

$334 Billion in Play: Centralized Exchanges Face Onchain Scrutiny Amid Bitcoin Highs

The chatter on the onchain grapevine suggests Binance is seeing major withdrawals. Binance stands as a heavyweight in the centralized exchange (cex) arena, not only managing a vast array of digital assets but also safeguarding a significant stash of bitcoin (BTC). On Nov. 19, Sani, the operator of timechainindex.com, shared that the cex platform has been experiencing notable divestments.

“Binance has been experiencing significant outflows in recent weeks, prompting the exchange to draw from its cold wallet reserves,” Sani stated on X. “[Two] hours ago, they transferred 40,000 BTC between their cold wallets and moved an additional 5,535 BTC to a newly created address, which is likely associated with them. We’ll continue monitoring to track where these funds eventually end up.”

Source: Sani’s post on X via timechainindex.com.

Binance tops the infamous ‘Bitcoin Rich List’ with its Pay-to-Script-Hash (P2SH) address “34xp4,” which holds 248,597.53 BTC—valued at $22.93 billion at press time. This address hasn’t sent an outgoing transaction in nearly two years, last moving funds on Jan. 7, 2023. According to timechainindex.com, Binance manages a staggering 738,349.58 BTC spread across thousands of addresses, worth an impressive $68.08 billion.

Source: timechainindex.com

Only Coinbase surpasses Binance in bitcoin (BTC) holdings, with timechainindex.com reporting that the San Francisco-based exchange secures 1,067,857.30 BTC, valued at $98.47 billion. The same data reveals that centralized exchanges collectively control 3,622,293 BTC, equating to $334 billion. Recent buzz about Binance’s outflows and its tactical use of cold wallet reserves highlights how these reserves help balance the scales during high withdrawal periods.

As a key player in the bitcoin ecosystem, Binance’s actions will always draw intense scrutiny, showcasing how centralized exchanges can shape market sentiment and influence participant behavior. This also sheds light on the immense responsibility cex platforms bear in managing vast digital asset reserves. With bitcoin hitting all-time price highs, the strategies these exchanges adopt will likely set the tone for future market trends.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

MyTonWallet Pay’s Tokenstore debut brings TON one step closer to cash

12/07/2025

Stunning Fact About Binance’s CZ Revealed by Anthony Pompliano

12/07/2025

Morning Release from South Korea! Two New Altcoins Listed, Prices See Sharp Rise!

12/07/2025

The winners and losers of Phantom’s Hyperliquid integration

12/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Ripple Spotlights Major Dates All XRP Holders Should Mark

12/07/2025

Chinese Regulator Mulling ‘Major’ Crypto Pivot

12/07/2025

MyTonWallet Pay’s Tokenstore debut brings TON one step closer to cash

12/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.