Crypto News: The global digital asset market printed red indexes on Tuesday as Commodity Futures Trading Commission (CFTC) alleged Binance, the world’s largest crypto exchange
for violating trading rules. The fear among the investors has triggered a massive outflow from Binance over the past day.
Binance In Trouble Over CFTC Claims
According to Nansen, the Blockchain data tracker around $852 million of net outflow has been registered over the past 24 hours. However, the crypto exchange registered an outflow of $185 million in an hour after the news broke out. The outflow amount went to register $218 million in the first four hours. However, Binance witnessed $3 billion of net outflow on December 13, 2022.
Data depicts that Binance holds around $63.2 billion in their wallets which have been disclosed publicly. Here’s the list of its top 5 holdings:
- Tether (USDT) – $19 Billion
- Bitcoin (BTC) – $14.4 Billion
- Ethereum (ETH) – $7.5 Billion
- Binance USD (BUSD) – $7.1 Billion
- BNB – $3.2 Billion
The global crypto market dropped by around 3% over the last day. It now stands at $1.13 trillion. Read More Crypto News Here…
The post Just-In: Binance Outflows Near $1 Billion Following CFTC Allegations; Report appeared first on CoinGape.