Binance, the world’s largest crypto exchange by trading volume, posted $1.23 billion in net outflows during the week beginning June 29, a 207% jump from roughly $400 million the prior week, a
Binance, the world’s largest crypto exchange by trading volume, posted $1.23 billion in net outflows during the week beginning June 29, a 207% jump from roughly $400 million the prior week, according to DefiLlama data viewed Sunday. Monthly net outflows from the exchange totalled approximately $3.2 billion. Net outflows measure crypto leaving an exchange faster than it arrives, a move watchers read either as investors pulling coins into self-custody or as capital exiting the platform.
CryptoQuant community analyst Darkfost reported Friday that Binance’s Ethereum withdrawal transactions reached their highest level in more than three years, surpassing 166,000 withdrawal transactions in a single day. The spike marks the sharpest one-day surge in ETH withdrawal activity on Binance since March 2023.
