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Binance Experience Spike in Withdrawal Over the Last 24 Hours

Published 2022-12-13, 12:15 p/m
© Reuters. Binance Experience Spike in Withdrawal Over the Last 24 Hours

  • Over the last 24 hours, $1.6 billion worth of crypto were withdrawn from Binance.

  • The withdrawal was carried out mainly in ETH and ERC-20 tokens.

  • The weekly netflow of the exchange stands at $1.9 billion.

As per the details revealed by Nansen, a crypto analytical platform, the largest crypto exchange Binance witnessed over $1.6 billion in withdrawals over the last 24 hours. The withdrawals have been carried out in ETH and ERC-20 tokens.

The seven-day outflow experienced by Binance currently stands at $1.9 billion. The current outflow over the last seven days is even less than what the exchange witnessed during the collapse of the FTX exchange.

The major reaso ...

The post Binance Experience Spike in Withdrawal Over the Last 24 Hours appeared first on Coin Edition.

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