Quick Take
- Due to the news yesterday of the SEC requesting a restraining order to freeze Binance.US assets temporarily.
- Looking on-chain, customers don’t seem overly concerned, as we would expect an outpour of assets such as Bitcoin from Binance.US and even Binance.com, but it appears it was not the case.
- Only around $100 million of Bitcoin was withdrawn yesterday from Binance, according to Glassnode.
- Binance proof of reserves claims 633,642 BTC in net balances, roughly $17 billion.
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