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Binance Experience Spike in Withdrawal Over the Last 24 Hours

Published 12/14/2022, 01:15 AM
Updated 12/14/2022, 01:45 AM
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  • Over the last 24 hours, $1.6 billion worth of crypto were withdrawn from Binance.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 ...

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