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Binance Processes $4.65 Billion In Withdrawals After Resuming Services
Sentiment: NeutralHigh Priority
What Happened?
Binance has processed $4.65 billion in withdrawals after resuming services, with a net outflow of $3.64 billion. The exchange restored withdrawals across 15 networks on November 1, 2026.
Key points
- Binance processed $4.65 billion in withdrawals and $1.01 billion in deposits.
- The net outflow stands at approximately $3.64 billion.
- Withdrawal volumes have stabilized after an initial spike.
- Binance resumed withdrawals at 06:00 UTC on November 1, 2026.
- The total assets under management (AUM) are $171 billion.
Key insights
- The high withdrawal volume may indicate users' concerns about the exchange's security.
- Stabilization of withdrawal volumes could suggest improved user confidence.
- The ongoing testing of networks may enhance the platform's reliability.
Why it matters
The significant withdrawal activity reflects user confidence and concerns about exchange security.
Entities
Binance· CompanyTRM Labs· Organization
Source
Times Now
