Data: Market maker Jump Trading deposited 100 million USD1 to Binance in the past 4 hours, possibly to alleviate the latter's surging liquidity demand
Due to the launch of the USD1 high-yield financial product by Binance, the market maker Jump Trading withdrew 100 million USD1 from Bitgo in the past 4 hours and deposited it into Binance, possibly to meet the surging liquidity demand for USD1 in a short period.
In addition, the supply of USD1 increased by 118 million, with a market capitalization reaching 2.87 billion dollars.
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