Richard

Bitcoin ETF

Bitcoin

<div class="cryptonews">
 <p class="is-style-lead">Following the $4.3 billion fine by the U.S. Department of Justice (DoJ), Binance’s <a rel="noopener noreferrer nofollow" title="outflow" href="https://thebittimes.com/tag/outflow.html">outflow</a> has surpassed the $1 billion mark over the past week.</p>
 <p>According to data provided by DeFi Llama, Binance witnessed a negative net <a rel="noopener noreferrer nofollow" title="outflow" href="https://thebittimes.com/tag/outflow.html">outflow</a> of $1.2 billion in the past seven days. This comes while the largest crypto exchange saw a $462 million <a rel="noopener noreferrer nofollow" title="outflow" href="https://thebittimes.com/tag/outflow.html">outflow</a> in the past 24 hours alone, per the data aggregator.&nbsp;</p>
 <figure class="wp-block-image size-full"><picture decoding="async" class="wp-image-14219327">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2023/11/23/16c2e9c407966f611b186086f8874eb1.webp.webp">
   <img decoding="async" width="816" height="307" src="https://cdn.thebittimes.com/images/2023/11/23/16c2e9c407966f611b186086f8874eb1.webp" alt="Binance outflows reach $1.2b in past 7 days - 1"> 
  </picture>
  <figcaption class="wp-element-caption">
   CEX data – Nov. 23 | Source: DeFi Llama
  </figcaption>
 </figure>
 <p>Nansen reported on Nov. 22 that Binance’s <a rel="noopener noreferrer nofollow" title="outflow" href="https://thebittimes.com/tag/outflow.html">outflow</a>s continue while a mass exodus of funds has not yet occurred.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> SEC Commissioner on spot Bitcoin ETFs: “No reason to block”
 </div>
 <p>Per DeFi Llama, only Bitstamp saw a higher <a rel="noopener noreferrer nofollow" title="outflow" href="https://thebittimes.com/tag/outflow.html">outflow</a> of funds in the past 24 hours than Binance — reaching a negative net flow of $498.59 million. Huobi comes third, after Binance, with a total <a rel="noopener noreferrer nofollow" title="outflow" href="https://thebittimes.com/tag/outflow.html">outflow</a> of almost $79 million over the past day.&nbsp;</p>
 <p>Moreover, the total amount of Binance’s clean assets — funds excluding the exchange’s own tokens — still stands at over $60 billion, according to the data aggregator.&nbsp;</p>
 <p>Per a crypto.news report on Nov. 22, the new Binance CEO Richard Teng stated his optimism for managing the current situation at the company. Teng added that the exchange will not face any financial problems despite the $4.3 billion penalty from the U.S. DoJ.</p>
 <p>As per the U.S. Treasury Department, Binance is facing criminal charges for “willfully failing” to report over 100,000 transactions relating to fraudulent activities and scams.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> BlackRock and Grayscale meeting with SEC about Bitcoin ETF issuance
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/binance-outflows-reach-1-2b-in-past-7-days-tbt71320.html">https://thebittimes.com/binance-outflows-reach-1-2b-in-past-7-days-tbt71320.html</a></p>

Binance outflows reach $1.2b in past 7 days

TheBitTimes

Other articles published on Nov 23, 2023

Will BEFE Coin Reach $0.001 This Week? Insights and Analysis

Crypto Industry Should Self-Police, Says Kraken Co-founder

Bitcoin Spot ETF: What Was The Result Of The Meeting Between The SEC And BlackRock?

Pseudonymous Trader Claims BLUR in Blur's Token Airdrop

IOTA Identity 1.0 is Here

Router Nitro Unveils Testnet Integration with NEAR for Enhanced Token Transfers

Join our free newsletter for daily crypto updates!