Dominant cryptocurrency exchange Binance Holdings Ltd as traders seek custody of tokens as rival FTX may have misused customer funds before collapse in November has been hit by a massive outflow.
According to research firm data, the net outflow of digital tokens from Binance reached about $3.7 billion in the past week, including about $2 billion in the last 24 hours. Nansen at 9:20 am in London. The daily figure was almost 18 times higher than the next largest outflow, which came from Bitfinex.
