Binance Reports Deposits Exceeding Withdrawals as User Activity Improves
Photo: Watcher Guru
Binance deposits exceed withdrawals on an hourly basis right now, the exchange said on Tuesday, as Binance user activity starts to pick up after the $6 billion hack. The shift came by 03:00 UTC on November 3, after days of heavy hack withdrawals and billions in Binance crypto outflows. In the update confirming that Binance deposits exceed withdrawals, the exchange said: “By 03:00 UTC, we are seeing hourly deposits exceed withdrawals, reflecting improving user activity and stabilizing flows.” Binance Hack Recovery, $6 Billion Outflows and User Confidence The update matters because Binance deposits exceed withdrawals after two days in which…
Source: Watcher Guru
