A post by @cz_binance on X.
Binance hourly deposits EXCEED withdrawals.
@cz_binance on X
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Binance CEO Changpeng Zhao (CZ) said hourly deposits on the exchange are exceeding withdrawals, pushing back on concerns about fund outflows. Citing public reports, he said only 6-10% of withdrawals went to other centralized exchanges, while the majority moved to self-custody wallets and have not yet interacted with a decentralized exchange (DEX). The statement comes amid heightened scrutiny of exchange flows, with investors watching whether self-custody withdrawals signal users exiting the crypto ecosystem or merely relocating assets off-exchange. CZ also urged users to "stay safe." Key metrics to monitor include Binance's net flows, the share of withdrawals heading to DEXs, and whether deposit momentum persists in the coming days.
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Named in this story
Binance, Changpeng Zhao