Paxos Accusations Increase Binance Withdrawals - Coinleaks
Current Date:November 7, 2024

Paxos Accusations Increase Binance Withdrawals

nansenAccording to data, it is the most traded stock market in the world. Binance, from the stock market of $ 831 million in the last 24 hours checked out.

Nansen, which provides analysis for the crypto industry, is on Binance, the world’s most popular and largest crypto exchange, biggest cash outflow ever published that. Investors on the crypto side, Paxos BUSD tension seems to have taken a step back to stablecoins. This fear of investors rapidly increased withdrawals from exchanges.

Binance Experiences Biggest Withdrawals of Recent Times

Nansen reported that investors took $2.8 billion worth of withdrawals from Binance in the last 24-hour period. These withdrawals are the same as last year’s Described as the biggest breakout since November . Issued by Paxos and backed by Binance BUSD , stands out as the third largest stablecoin in the ranking. At the same time, 35 percent volume of transactions made on Binance BUSDtakes place on the side.

Walter Ting, vice president of digital asset research at Fundstrat company, which stands out with its market analysis, said about the problems and problems that may be experienced by Binance. increased withdrawals referred to counter-attacks. for Binance reserve assets testsHe added that it will happen.

Binance CEO CZ addressed investors with the articles he published on the social media platform. Behavior that investors in the crypto sector should not have fudAdding the title ” He addressed the Paxos accusations.