Confidence in centralized exchanges is waning after the collapse of cryptocurrency exchange FTX. According to the data, approximately 3 billion dollars of assets were withdrawn from exchanges in the last 24 hours.
Trust in decentralized exchanges is dwindling after the collapse of FTX. On-chain analytics platform to Nansen data from exchanges within 24 hours 3 billion dollars asset was withdrawn. the assets in question Ethereum (ETH) $1 billion, $950 million USD Coin (USDC), $400 million USDT and 195 million dollars in BUSD created.
After the sudden collapse of FTX, users’ withdrawals were temporarily suspended and then limited withdrawals were allowed, worrying investors. Nansen CEO Alex Svanevik about subject “The stock markets are draining” in the statement found.
This growing concern about decentralized exchanges decentralized finance (DeFiThere are also investors who interpret it as a ray of hope. Although it is still early to expect any rise in bad market conditions, it seems likely that we will see a restructuring in the crypto money markets in the long-term.
