CZ: Binance Withdrawal Run Never Happened, Outflows Only 2% of Holdings
Binance CEO Changpeng Zhao says the feared run on withdrawals never came. According to CoinDesk, outflows hit about $3.6 billion—just 2% of holdings. He had expected 10% to 30% to leave.
Binance's Changpeng Zhao says the run on withdrawals never happened. According to CoinDesk, outflows reached about $3.6 billion. That's roughly 2% of the exchange's holdings. He had expected 10% to 30% to be withdrawn.
Zhao, widely known as CZ, shared the insight on X. The $3.6 billion figure was far below his worst-case scenario. The expected range was 10% to 30% of holdings. Instead, only about 2% left.
CZ's insight comes as the crypto world watched Binance closely. The feared run on withdrawals never came. Outflows were just 2% of holdings. That's far below the 10% to 30% he had expected.
TopicsChangpeng Zhao · Binance · CoinDesk · X
Written by Paparazzi with AI. Not financial advice.
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