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Binance Records $570M Bitcoin Outflow, Largest Since April
Binance saw its largest net Bitcoin outflow since April, part of a broader $686 million withdrawal trend across major crypto exchanges.
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Binance's 44th proof of reserves report showed customer BTC balances reaching 640,000, while USDT reserves declined for the second consecutive month. Following the integration of BTC yields and rewards into a unified ecosystem, the exchange recorded a net outflow of $570 million in Bitcoin on July 21. This contributed to a broader trend where total Bitcoin withdrawals across major exchanges reached nearly $686 million, marking the largest outflow since April.
Binance saw its largest net Bitcoin outflow since April, part of a broader $686 million withdrawal trend across major crypto exchanges.
Read the full storyThe exchange integrated structured Bitcoin yields and BNB staking rewards into a unified ecosystem to streamline digital asset management.
Binance's latest transparency report reveals customer BTC holdings reached 640,000 units, while USDT reserves saw a second consecutive monthly decline.