Binance has reached a new milestone in the Ethereum market, accounting for a record 49% of all ETH outflows from centralized exchanges, according to the latest data shared by CryptoQuant.
This comes at a time when total ETH and BTC outflows from exchanges are trending downward, making Binance’s growing share even more significant. The chart illustrates a consistent rise in Binance’s share of ETH outflows, especially notable over the past year.
While total ETH outflows across exchanges have declined, Binance has sharply increased its dominance, suggesting heightened trust or demand for self-custody among its users.
What the Chart Shows
The chart tracks:
- Total BTC & ETH outflows across all exchanges (pink and blue bars)
- Outflows specifically from Binance
- Binance’s share (%) of those outflows (highlighted numbers)
- Overlay of ETH price (blue line)
Since late 2023, Binance’s ETH outflow share has surged to an all-time high, climbing from the mid-30% range to 49% in early 2025. This trend may reflect a shift in investor behavior toward withdrawing and securing ETH privately during volatile market phases.
What It Might Signal
- Growing preference for Binance as a bridge to cold storage
- Reduced ETH exchange supply, which can be bullish for price
- Declining exchange trust elsewhere, as traders consolidate activity on a few major platforms
As exchange balances shrink, this often correlates with long-term holding behavior — typically seen during accumulation phases before major price movements.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/binance-captures-record-49-share-of-eth-outflows-as-total-exchange-withdrawals-dip/