Exchanges Outflow News

Amid the recent legal action taken by the SEC against Binance and its CEO Changpeng Zhao, cryptocurrency traders are swiftly withdrawing their funds from the crypto exchange.

Glassnode data on Mar. 26 shows that the stablecoin supply on exchanges has more than halved to less than $24b in four months

In the past 24 hours, 25,878 Bitcoins have been moved off from exchanges. The move is the largest outflow in 5 weeks, according to Santiment data. In the past, large quantities of $BTC moving off exchanges have led to price…