The latest developments in Binance, the world’s largest cryptocurrency exchange, have led to hundreds of millions of dollars of asset outflow from the stock market.
Statements made by Binance and the USA last night (GMT+3) cryptocurrency market was on the agenda.
Old Binance CEOChangpeng Zhao (CZ), US Department of Justice (DOJ) by $4 billion the accusations presented within the scope of the settlement and agreed to pay millions of dollars in fines did. As part of the agreement CZ, CEO resigned from his post and was replaced by Richard Teng came.
In the midst of all these developments, there were massive asset outflows in Binance, according to on-chain analysis platform DefiLlama data. Binance, Net 943 million dollars in 24 hours witnessing an asset outflow to its closest rival, OKX. $150 millionto Bybit $43 million existence flowed.
Currently, Binance is still the clear leader and $67.5 billion It hosts crypto money. In this case, although Binance was the leader, a large asset outflow was interpreted as investors moving away from the stock market.