Post
Topic
Board Altcoin Discussion
Topic OP
Huge Binance outflows - should we be concerned?
by
ChillyMatthew
on 16/12/2022, 14:25:03 UTC
GM crypto fam.

Since I'm pretty busy and can't keep track of everything, even though I'd like to, this is something that I don't understand very well and would like to get your opinion on.

So, Binance recently halted USDC withdrawals because outflows reached $2B, which indicates to me that many investors are worried about their state, even tho they resumed withdrawals shortly after that.

Quote
The world’s top crypto exchange Binance paused USDC withdrawals Tuesday due to a “token swap.” Binance saw a significant surge in withdrawals yesterday after a recent proof of reserves audit and rumors of legal issues raised concerns among investors using the world’s largest cryptocurrency exchange by volume.

What is all the fuss surrounding Binance? Do you believe the recent difficulties could cause another crypto market downturn?

source:

https://app.getresponse.com/view.html?x=a62b&m=BVKQj2&mc=9I&s=BtgXWnG&u=QcLhh&z=EGCLwcu&