In a recent report by COINOTAG News on December 5th, it has been revealed that Galaxy Digital has made significant transactions on the Binance platform. Within a short span of just two hours, the firm deposited 13.77 million USDC, contributing to a total influx of 28.77 million USDC into Binance over the last eight hours. This surge in deposits may indicate a strategic positioning by Galaxy Digital in response to market trends, suggesting a focus on liquidity and trading opportunities within the cryptocurrency landscape. Analysts are closely monitoring Binance as it remains a pivotal exchange for institutional players like Galaxy Digital. The allocation of these sizable funds reflects a growing confidence in the digital asset ecosystem amid ongoing market fluctuations, signaling an active approach to asset management in the crypto domain.
Source: https://en.coinotag.com/breakingnews/galaxy-digital-deposits-28-77-million-usdc-into-binance-a-significant-move-in-the-crypto-market/