In brief

  • Binance customers added 6,217 BTC and reduced their holdings by 183,602 ETH in September

  • Binance holds more than 100% of customer deposits, but has just 0.35% in Bitcoin reserves

  • Binance's report doesn't specify the reason, but price data and sentiment suggest something.

Read the original story, “Are Binance Users Selling Ethereum to Buy Bitcoin?” by Lockridge Okoth, at th.beincrypto.com

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