Binance net withdrawals reach $4.7 billion as dollar cash-outs return

Customers have taken a net $4.72 billion out of Binance since withdrawals reopened on Sunday morning, or about 2.8% of assets on the platform, a spokesperson told Reuters, against roughly $2.7 billion of inflows. The exchange added U.S. dollar cash withdrawals back on Monday, while most tokens beyond bitcoin, ether and some dollar stablecoins remain partly suspended. Binance said withdrawal volumes have eased after the initial spike. Source: Reuters via BNN Bloomberg