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New analysis from banking data company KlariVis found that 90% of community banks in its sample had customers transacting with Coinbase. Across 53 banks where transaction direction could be determined, $2.77 flowed to the crypto exchange for every $1.00 returning, resulting in a net $78.3 million deposit shift over 13 months.
The study reviewed 225,577 Coinbase-related transactions across 92 community banks and found that transfers were heavily concentrated in money market accounts, where 96.3% of…
https://cointelegraph.com/news/community-banks-see-net-deposit-outflows-to-coinbase-study?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
