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Binance Withdrawal Volumes in November Exceeded Past FTX-Era Levels
(3 hours ago) · 1 source · Summarized by CryptoBipto
Binance experienced withdrawal volumes in November that surpassed levels seen during the FTX collapse period. Despite the elevated outflows, broader crypto market liquidity reportedly remained stable and did not trigger widespread panic.
WHY IT MATTERS
When people withdraw cryptocurrency from an exchange, it means they are moving their funds off the platform — similar to taking cash out of a bank.
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SOURCES
- cryptonews.com
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