The SECGov’s lawsuits against binance, BinanceUS and coinbase have spurred a $4 billion exodus of deposits from the exchanges since Monday, data by nansen_ai and glassnode shows. sndr_krisztian reports
While this week’s outflows were significant, they represent only about 5% of all assets on the exchange, according toCoinbase endured $1 billion of net outflows via Ethereum from Monday to Thursday, according to Nansen. BTC outflows totaled $25 million, per Glassnode.
net outflows totaled $75 million on Ethereum, Nansen data shows. Glassnode does not track the platform.on Friday that users should withdraw USD as soon as possible following the SEC’s"extremely aggressive and intimidating tactics" against the company. The platform has suspended U.S. dollar deposits and will delist USD trading pairs shortly, while it temporarily transitions to a crypto-only exchange.
This article was written and edited by CoinDesk journalists with the sole purpose of informing the reader with accurate information. If you click on a link from Glassnode, CoinDesk may earn a commission. For more, see our
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