IPFS News Link • Bitcoin
Binance Customer Withdrawals Exceed $3 Billion in 24 Hours
• DecryptBehemoth crypto exchange Binance has seen massive withdrawals in the past week and—on Tuesday—the highest amount of one-day withdrawals since June, Nansen data has revealed.
Binance's international arm saw over $8.78 billion leave its exchange and $5.1 billion in incoming funds, meaning the exchange faced a net outflow of roughly $3.66 billion. While such data only refers to Binance's Ethereum and ERC-20 token movements, approximately 63% of Binance's portfolio is on Ethereum and the outflows are much larger compared to other crypto exchanges over the same period.
Binance Netflow 7D ($) -3,660,311,347
— Nansen ???? (@nansen_ai) December 13, 2022
8,783,380,428 - Outflow
5,123,069,081 - Inflow
Exchange Flows dashboard ??https://t.co/CYrBQLryQ0 pic.twitter.com/vV6vcqoWKK