CryptoSlate Citing Bitquery: Bybit, Bitget See Increase in Deposit Addresses During Binance Withdrawal Pause
According to CryptoSlate, citing Bitquery data, the number of addresses depositing into Bybit's Ethereum wallets increased by 142% to 31,539 between October 29 and November 1, compared to the same period the previous week. Ethereum stablecoin deposits on the platform totaled approximately $239 million. Bitget saw a 130% increase in TRON deposit addresses, reaching 10,274, with USDT inflows of $87 million. OKX recorded approximately $432 million in Ethereum stablecoin deposits and about $528 million in TRON inflows. These increases coincided with Binance's withdrawal suspension period, but the data cannot confirm whether new deposits originated from Binance customers, nor can the number of addresses be used to infer the migration of unique users.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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