$4bn of outflows from Coinbase and Binance. No issues so far...
hive-167922·@vlemon·
0.000 HBD$4bn of outflows from Coinbase and Binance. No issues so far...
Hi HODLers and Hiveans, So far, the market has taken a hit following all the SEC drama with Binance, Coinbase and mutiple altcoins. https://images.hive.blog/DQmYfr5Sd18TRyEQxhzGFP1rZfXHDGwiWWnhuYTHqHUS1Ea/image.png [Image Source](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/06/outflow-bitcoin.jpg&w=600&h=315&q=75) In some way, I believe that the process will make the space mor healthy as I do trust the Justice System to show how Gensler and the SEC have interacted in bad faith with the Crypto Industry. But this will take time... a lot of time! Years... >U.S. Securities and Exchange Commission (SEC) lawsuits against Binance, Binance.US and Coinbase have spurred the exodus of some $4 billion of deposits from the crypto exchange giants, according to blockchain data. The three exchanges suffered a combined net outflow: * $3.1 billion via the Ethereum network and * $864 million in bitcoin (BTC) The SEC stated that Binance’s BNB, Cardano’s ADA and Polygon’s MATIC were securities which sent them tumbling the most during the week. This week’s outflows were significant, they represent about 5% of all assets on the exchange, according to Binance’s crypto wallets. Still, I am impressed at how these 2 companies handled such a huge liquidity outflow. Stay safe out there! [Source](https://www.coindesk.com/markets/2023/06/09/sec-clampdown-spurs-4b-deposit-flight-from-binance-coinbase-and-binanceus/) **Previous Articles** * [Put your money where you spend your time! Buying LEO daily!](https://leofinance.io/posts/vlemon/put-your-money-where-you-spend-your-time-buying-leo-daily) * [Cathy Wood doubles down on its Coinbase investment!](https://leofinance.io/posts/vlemon/cathy-wood-doubles-down-on-its-coinbase-investment) * [SEC is going hard after Binance and tweeting like a "Crypto Bro"!](https://leofinance.io/posts/vlemon/sec-is-going-hard-after-binance-and-tweeting-like-a-crypto-bro) * [Hive Power-Up and! Great things to come for Hive and LeoFinance!](https://leofinance.io/posts/vlemon/hive-powerup-and-great-things-to-come-for-hive-and-leofinance) Posted Using [LeoFinance Alpha](https://leofinance.io/@vlemon/4bn-of-outflows-from-coinbase-and-binance-no-issues-do-far-)
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