As the crypto market continues to face volatility and uncertainty, exchanges are feeling the pressure.
One of the biggest players in the space, Binance, has recently experienced a significant outflow of assets, according to a report from Forbes.
The report found that Binance has seen around $12 billion of outflows since November, which has raised questions about the discrepancies in the exchange’s asset reports. Forbes suggests that these discrepancies could indicate foul play within the exchange and that there may be trust issues concerning Binance.
As the largest crypto market player, there is a possibility that this could lead to contagion should these trust issues prove to be well-founded. While the crypto market continues to be unpredictable, it’s important to keep a close eye on major players like Binance and their movements in the market.
