Binance Posts $4.54 Billion Net Outflow as Tracked Rivals Gain $564 Million

Binance recorded $4.54 billion in net outflows over the past 24 hours, while 10 large tracked rivals collectively gained $564 million, with OKX leading the inflows. The figures come from exchange net flow tracking, which does not break out how much of Binance's outflows went to competitors versus customers moving funds into self-custody wallets. The divergence highlights intensifying competition among centralized exchanges for user balances at a time when self-custody trends complicate the picture. OKX's lead among the tracked rivals suggests it captured a meaningful share of migrating balances, though the exact split remains unquantified. Watch next: whether Binance outflows accelerate or stabilize, and whether OKX's inflow lead persists across additional tracking periods.