- Nansen explained how to use the Exchange Flows feature on its platform.
- Users can monitor developments within a crypto exchange with the Exchange Flows tool.
- The tool allows users to get an overview of how an event impacts a particular exchange.
Nansen, the blockchain data and research platform for crypto investors, provided information to users on how to use one of its tools. In a tweet, the platform explained how users can monitor developments within a crypto exchange by using its Exchange Flows feature.
If you're concerned about an exchange and want to dive into what's happening, you can, with Exchange Flows!Here's what it looks like for @binance, over 7-days (not including Bitcoin):
Inflow (what comes in): $6.9B
Outflow (what leaves the exchange): 7.2B
Netflow: -$288m pic.twitter.com/SYaPQl0GCi
— Nansen (@nansen_ai) July 20, 2023
The blockchain data and research platform used an example of a seven-day exchange flow on Binance to explain how users can apply the Exchange Flows analytical tool. Using a screenshot, Nansen showed that the inflow of funds into Binance within seven days was $6.9 billion. Within the same period, the Binance exchange recorded a…
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The post Nansen Explains the Importance of the Exchange Flows Feature appeared first on Coin Edition.