Binance Captures Record 49% Share of ETH Outflows as Total Exchange Withdrawals Dip

This comes at a time when total ETH and BTC outflows from exchanges are trending downward, making Binance’s growing share even more significant. The chart illustrates a consistent rise in Binance’s share of ETH outflows, especially notable over the past year.

While total ETH outflows across exchanges have declined, Binance has sharply increased its dominance, suggesting heightened trust or demand for self-custody among its users.

What the Chart Shows

The chart tracks:

Total BTC & ETH outflows across all exchanges (pink and blue bars) Outflows specifically from Binance Binance’s share (%) of those outflows (highlighted numbers) Overlay of ETH price (blue line)

Since late 2023, Binance’s ETH outflow share has surged to an all-time high, climbing from the mid-30% range to 49% in early 2025. This trend may reflect a shift in investor behavior toward withdrawing and securing ETH privately during volatile market phases.

What It Might Signal

Growing preference for Binance as a bridge to cold storage Reduced ETH exchange supply, which can be bullish for price Declining exchange trust elsewhere, as traders consolidate activity on a few major platforms

As exchange balances shrink, this often correlates with long-term holding behavior — typically seen during accumulation phases before major price movements.

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