Binance is experiencing a massive influx of stablecoin deposits after the U.S. Federal Reserve reduced interest rates by 25 basis points.
According to fresh data from CryptoQuant, the exchange has attracted more than $2.1 billion in USDT and USDC inflows, highlighting its growing role as a hub for liquidity.
Large-scale investors appear to be driving this momentum. Whale deposits on Binance now average $214,000, a sharp increase from $63,000 in July, signaling renewed institutional engagement in digital assets.
Altcoin deposits are also on the rise, with 25,000 transactions on Binance compared to just 6,000 on Coinbase. Overall network activity has nearly doubled since the start of September, showing stronger market participation across major exchanges.
With tighter spreads and deeper liquidity, Binance is reinforcing its status as the top venue for traders, offering a competitive edge in a market that continues to adapt to shifting monetary policy.
The recent capital surge underscores how macroeconomic decisions, such as the Fed’s latest rate cut, can quickly ripple into crypto markets, amplifying exchange activity and potentially setting the stage for further price volatility.
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Source: https://coindoo.com/binance-sees-2-1b-stablecoin-surge-following-fed-rate-cut/