The world’s largest cryptocurrency exchange, Binance, experienced a Bitcoin (BTC) exit of $ 1.35 billion in the last 7-day period with the FTX collapse. CEO Changpeng Zhao (CZ) said that withdrawals are in the normal range and Binance is in good standing.
According to data from data and analytics platform CryptoQuant, with the collapse of FTX, about the last 7 days from Binance. 15% of 500,000 Bitcoins corresponding 1.35 billion dollar worth 81,712 BTC, 125,000 around Ethereum (ETH) and 1.14 billion $ stablecoin output took place.
This applies to other cryptocurrency exchanges as well. Similar outputs On Coinbase, Gemini, and Kraken also took place. According to Coinglass data, exchanges in the last 7 days over 200,000 After the withdrawal of BTC, the exchanges total number of BTC reaches 1.88 million fell.
Commenting on this situation, Binance CEO Changpeng Zhao (CZ) made the following statements:
Even if customers withdraw money, the exchange will continue to operate as usual. If they want to withdraw their funds, they should. It doesn’t give us a problem.
