Analysis-What's behind bitcoin's latest surge?

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81% of Bitcoin (BTC) traded on exchanges in February was on Binance - Morgan Stanley

March 24, 2023 12:10 PM EDT

Morgan Stanley revealed Friday that the majority of Bitcoin traded on exchanges in February was only on one exchange.

Analyst Sheena Shah stated in a research note on Bitcoin's recent rally that 81% of BTC traded on exchanges in February was traded on Binance. As a result, Morgan Stanley concludes... More