Weekly On Chain - Is Binance a Safe CEX?
Blog iconTom Head
Dec 16
Binance On Chain Story Data from Nansen showed that over the last 7 days Binance had some fairly significant outflows which was a worrying sign. They had $8.7B worth of outflows and only $5.1B in...meaning net outflows of $3.6B. For comparison, Coinbase had just under $1B in net outflows. Looking at Santiment's on-chain data there were around 54k Bitcoin moved off Binance in the last 24 hours. That's just under $1B worth of Bitcoin moving off the exchange ($966,600,000).CZ tweeted t...

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Tom Head

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Tom Head

CEO & Founder at Crypto Comparative Linguistics - Providing research and insight into Web3 and Blockchain

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