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Binance Users Withdrew $1.35B of Bitcoin in Days Following FTX Collapse

Binance Users Withdrew $1.35B of Bitcoin in Days Following FTX Collapse

Cryptocurrency Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto. The world’s largest cryptocurrency exchange, Binance experienced record levels of bitcoin, ethereum and stablecoin withdrawals alongside the implosion of rival exchange FTX. Binance saw a net 81,712 bitcoin ($1.35 billion), or more than 15% of the roughly 500,000 bitcoin on its exchange, pulled from the platform over the past six days, according to data from CryptoQuant. In addition, a net 125,026 ether ($155 million) and $1.14 billion in stablecoins were withdrawn from Binance over the same period. Appearing on a Twitter space […]