Binance, the largest crypto exchange by trading volume, has endured more than $1 billion of net outflows in the past 24 hours, according to DeFillama CEX’s transparency dashboard. The outflows are coming on the heels of the exit of another top executive from the crypto trading firm.
According to DeFillama’s data, Binance endured $1.4 billion in net outflows during the last 24 hours. A breakdown of the withdrawn assets shows that it comprised mainly $878 million in Tether’s USDT stablecoin and $167 million in Bitcoin (BTC). Other assets, including Solana (SOL), Tron (TRX), BUSD, and XRP, also recorded sizeable outflows during the reporting period.
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