Home » Business » Zhao (Binance): The situation has stabilized. “Only” about $1.14 billion left the stock market on Tuesday

Zhao (Binance): The situation has stabilized. “Only” about $1.14 billion left the stock market on Tuesday

Cryptocurrency founder and owner the Binance storm Changpeng Zhao said today that the situation with the outflow of funds from storm stabilized after a few more difficult days. IN Tuesday customers from storm funds raised for an amount of approximately 1.14 billion U.S. dollar. According to Zhao, it was not the largest outflow by far, it was not even among the TOP5. Major outflows of funds Binanza registered during the stock exchange problems Luna a FTP extension.

Binanza announced yesterday that it is temporarily suspending withdrawals of deposited USDC stablecoins. The reason for the suspension was the unexpected closure of one of the New York banks, which interrupted the normal course of the settlement of some currency swaps. USDC’s withdrawal was resumed after about 8 hours.

According to estimates by analysts of the company Nansen z Binance During the last 7 sessions, clients have withdrawn their crypto-assets with a total value of around 3 billion. U.S. dollar. But according to company analysts, problems Binance not even remotely related or similar to the problem mentioned FTP extension. The volume of funds inside Binanza is about 60 billion U.S. dollar and the volume of withdrawals therefore represents only a very small part.

Commenting on the generally upbeat mood in the cryptocurrency industry, Zhao said the next few months will be more difficult or turbulent, but then the situation will calm down and Binanza it will come out a little stronger again.

Vladimir Urbanek

In the “industry” for more than 20 years. After several years of experience directly from securities trading, Vladimir Urbanek in the last more than 15 years he has followed domestic and foreign capital markets.

He considers experience important, or rather the possibility of comparison with the time before the last major crisis of 2008-9.

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