Jump Crypto adds $18M in BTC deposits to Binance

Jump Crypto deposited an additional 286.83 BTC worth $18.01 million to Binance, The Data Nerd reported. The firm’s cumulative deposits to Binance this week reached 1,560 BTC worth $99.20 million, while its remaining holdings stood at 1,410 BTC worth $88.58 million. The Data Nerd added that, as Jump Crypto is a market maker, deposits to exchanges may not be a pure sell signal and could instead reflect liquidity inventory replenishment for providing two-way quotes.