The Value Of Cryptocurrency Held In Binance Public Wallets Has Shrunk By $15 Billion
According to Nansen real-time statistics, the amount of cryptocurrency held in Binance public wallets has decreased by $15 billion in the last month.
On December 17, Nansen tweeted that Binance owned $69.5 billion in cryptocurrency more than a month ago, but that value has already decreased to $54.7 billion due to a huge number of withdrawals and market volatility. The information is based on wallets made public by Binance, which include Bitcoin, Ethereum, BNB Chain, and TRON assets.
The CEO of Binance, CZ, said on Twitter not too long ago that users had a net withdrawal of about $1.14 billion, and that the exchange was continuing to function normally. It believes that “stress testing withdrawals” on each CEX in turn would be a smart idea.
Users were particularly concerned when the exchange announced the suspension of USDC withdrawals in the midst of a series of crisis rumors.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Chubbi
Coincu News
Author
News
The Value Of Cryptocurrency Held In Binance Public Wallets Has Shrunk By $15 Billion
According to Nansen real-time statistics, the amount of cryptocurrency held in Binance public wallets has decreased by $15 billion in the last month.
On December 17, Nansen tweeted that Binance owned $69.5 billion in cryptocurrency more than a month ago, but that value has already decreased to $54.7 billion due to a huge number of withdrawals and market volatility. The information is based on wallets made public by Binance, which include Bitcoin, Ethereum, BNB Chain, and TRON assets.
The CEO of Binance, CZ, said on Twitter not too long ago that users had a net withdrawal of about $1.14 billion, and that the exchange was continuing to function normally. It believes that “stress testing withdrawals” on each CEX in turn would be a smart idea.
Users were particularly concerned when the exchange announced the suspension of USDC withdrawals in the midst of a series of crisis rumors.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Chubbi
Coincu News
Other Posts
Related Posts
Latest
Best Cryptos to Invest in November 2024: Solana (SOL), Cardano (ADA), and Rexas Finance (RXS)
Cantor Fitzgerald Will Acquire 5% Ownership Interest in Tether
Press Release
Best Cryptos to Invest in November 2024: Solana (SOL), Cardano (ADA), and Rexas Finance (RXS)
XRP Price Hits $1 Following Rumors Of Trump Meeting With Ripples CEO, What To Expect Next
