Reserve

Apple

Status

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binances-reserve-status-and-challenges-amidst-turbulence/" data-wpel-link="internal">Binance’s Reserve Status and Challenges Amidst Turbulence</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/binance-reduces-support-for-binance-usd-amidst-growing-regulatory-pressure/" data-wpel-link="internal">Binance</a></strong>, experienced one of its most turbulent times in 2023. Factors such as lawsuits and regulatory reviews negatively impacted this step. However, despite the fluctuations, new data showed that Binance was in a better condition.</p> 
<h2 id="binance-s-reserve-situation">Binance’s Reserve Situation</h2> 
<p style="text-align: justify">According to the data obtained, when Binance Reserves’ 7-day declines were examined, more stable trends could be observed. Smaller declines indicate routine customer deposit and withdrawal transactions. Unlike FTX, <strong>Binance</strong> did not exhibit the same magnitude of challenges in reserve management as reflected in the 30-Day Reserve Decline. Binance’s volume-reserve ratio (VRR) score also indicated a decrease in risk for the exchange. The tendency of Binance’s ratio to remain at more manageable levels suggested a more balanced relationship between trading volume and reserves.</p> 
<p style="text-align: justify">This situation contrasted with FTX, which exhibited periods of high risk leading to its collapse. In addition, the open interest reserve ratio (ORR) score, which is valid for derivative exchanges, provided information about net open positions and liabilities. Binance’s performance in this measurement was more stable compared to <strong>FTX</strong>. FTX experienced significant declines in the months leading up to and following its collapse. However, despite these factors, Binance may have some forward-looking issues. At the time the article was written, <a href="https://newslinker.co/category/technology/" data-wpel-link="exclude">Apple</a> had removed Binance and other exchanges from its app store.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-300989 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/binance-1.png" alt="" width="2048" height="963"></p> 
<h2 id="warning-bells-for-binance">Warning Bells for Binance</h2> 
<p style="text-align: justify"><strong>Binance</strong> could lose a significant number of users due to this move. This could lead to more FUD against <strong>Binance</strong> in the future. If uncertainty regarding centralized exchanges continues to increase, mass withdrawals affecting exchanges, especially Binance, could occur in the future. In the last three months of 2023, foreign exchange volumes on Binance increased. At the time of writing, Binance’s January exchange volume had reached $143.32 billion.</p> 
<p style="text-align: justify">If the trend continues and Binance manages to alleviate the FUD, things could get better for the exchange. Binance’s progress could also have a positive effect on the overall sentiment surrounding the <strong>BNB token</strong>. Despite the progress and recovery recorded by Binance, the BNB price has not experienced the same positivity.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/binances-reserve-status-and-challenges-amidst-turbulence/" data-wpel-link="internal">Binance’s Reserve Status and Challenges Amidst Turbulence</a></h5>

Binance’s Reserve Status and Challenges Amidst Turbulence

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