Although Binance has enjoyed the trust of millions of users since its launch, a lot may be changing in recent weeks. Binance has recorded huge withdrawals, most of which have come in the past seven days totalling up to $8.6 billion.
According to blockchain data analytics firm Nansen, the firm recorded the highest amount of daily withdrawals since June on Tuesday, pushing up the weekly figure to $8.6 billion. Amidst increasing withdrawals, the exchange had an inflow of $5.1 billion, leaving it with a net outflow of $3.6 billion.
(by Aliyu Pokima)
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