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Binance Token Records a Series of Losses


Dec 19, 2022 , ,
Binance Token фиксирует серию неудач из-за опасений оттока средств

Negative ecosystem tokens are up 4% in two days.

Concerns about the money leaving the biggest platform for trading digital assets in the world contributed to the lengthy depreciation of Binance Holding Ltd.’s negative token.

Binance Coin, symbol: BNB, has gained roughly 4% over the last two days after snapping its longest losing streak since October of seven days on Saturday.

The bankruptcy of FTX undermined the credibility of crypto platforms.

On Sunday, 338 bitcoins were received on Binance, according to data from CryptoQuant, as opposed to a record net daily outflow of almost 40,000 bitcoins on December 13.

Sean Farrell, Head of Digital Asset Strategy at Fundstrat Clobal Advisors LLC, asserted that Binance is probably totally solvent and supported by client funds.

“All monies should be withdrawn from the exchange,” he continued, “to conveniently limit the chance of loss or confiscation of assets.”



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