Binance after reopening: $3.64 billion in net outflows, 2.1 percent of reserves

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Binance reports net outflows of $3.64 billion in about nine and a half hours after reopening withdrawals. The full proof of reserves due on Tuesday is meant to show whether customer balances are backed one to one.Add as a preferred source on GoogleFollow on Google NewsBinance has weathered the first rush after reopening withdrawals. In the first nine and a half hours or so from 6 a.m. UTC (7 a.m. German time) on Sunday, November 1, customers withdrew $4.65 billion and deposited $1.01 billion, according to the exchange. On balance, $3.64 billion left the platform. Measured against the $171 billion that Binance reported in its proof of reserves of October 28, that is 2.1 percent, as CNBC reported, citing Binance. For you as a Binance customer in Germany, this means for now: the exchange is paying out on the networks that have been reopened, and on the figures known so far an outflow of this size does not put it under pressure. The full proof of reserves is still outstanding. Binan...