The exchange is one of the largest players in ether staking after Lido Finance and Coinbase.
among crypto observers about the seemingly irregular nature of the movements.
While rival exchange Coinbase’s liquid staking derivative cbETH saw regular inflows and outflows every day over the past weeks, inflows to WBETH have been intermittent and taken place in large chunks.that the transactions were part of the exchange’s previously announced action to gradually convert the original Binance-issued staked ether tokens to WBETH.
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