According to Nansen data, Binance, the most traded stock exchange in the world, saw $ 831 million exit from the stock market in the last 24 hours.
Nansen, which provides analysis for the crypto sector, has published the biggest money outflow of recent times on the world’s most popular and largest crypto exchange Binance. Investors on the crypto side seem to have stepped back into stablecoins with the Paxos BUSD tension. This fear of investors rapidly increased withdrawals from exchanges.
Binance Experiences Biggest Withdrawals of Recent Times
Nansen reported that investors took $2.8 billion worth of withdrawals from Binance in the last 24-hour period. These shootings were described as the biggest exit since November of last year. Issued by Paxos and backed by Binance, BUSD stands out as the third largest stablecoin in the ranking. At the same time, 35 percent of the transactions made on Binance are on the BUSD side.
Walter Ting, vice president of digital asset research at Fundstrat, which stands out with its market analysis, talked about the problems that may be experienced by Binance and the moves against increasing withdrawals. He added that tests of reserve assets for Binance will take place.
Binance CEO CZ addressed investors with the articles he published on the social media platform. He addressed the Paxos accusations by adding the title “Fud” to the behaviors that investors in the crypto sector should not have.
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