By data Glassnode, over the past 30 days, user deposits in bitcoins have decreased from 614,800 BTC to 592,450 BTC. Over the same period, Ethereum deposits dropped from 4.35 million ETH to 4.16 million ETH. An even greater decline was shown by deposits in Tether stablecoins – by 9.45%. Thus, the USDT balance on Binance decreased by $1.61 billion to $15.47 billion.
Glassnode experts note that the decline in Binance reserves in major crypto assets by capitalization demonstrates a gradual decline in user confidence in the cryptocurrency platform.
According to Glassnode analysts, the negative mood of crypto investors was the result of uncertainty about the future format of Binance’s activities in the United States. The reason was the ongoing prosecution of the platform by the Securities and Exchange Commission (SEC) and claims by the Commodity Futures Trading Commission (CFTC).
Earlier, the head of Binance, Changpeng Zhao, criticized US and European regulators for prosecuting his exchange, saying that the problem with bribes is in the bribes themselves, and not in the currency through which they are made.
Source: Bits
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