PANews reported on June 2 that data showed that Coinbase had a net outflow of 40,406 BTC worth $2.7 billion in the past two months. According to Arkham Intelligence records, Coinbase held 928,743 BTC on April 1, but as of today, the total has dropped to 888,337 BTC. On the other hand, Binance's Bitcoin reserves increased by 408 BTC during that period, worth about $27.6 million. At the same time, Robinhood had a net inflow of 894 BTC, worth about $60.57 million.