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The volume of Binance USD (BUSD) leaving exchanges has dropped to $forty million from more than $three billion recorded in December 2022, in accordance to information analyzed by Glassnode. CryptoSlate.
The chart under demonstrates the day-to-day volume of BUSD withdrawn and deposited into crypto exchanges because mid-November 2022.
On February 13, about $forty million BUSD was withdrawn from exchanges. As of December 13, 2022, the figure is more than $three billion. This transform marks a -98.six% reduce in the volume of BUSD withdrawn in 62 days.
The crypto industry noticed a massive volume of BUSD flowing out of exchanges by the finish of 2022. Theo CryptoSlate evaluation, the volume of BUSD withdrawn amounted to $six billion among November 19 and December 19, 2022. Another evaluation showed that $six.two billion well worth of BUSD left from exchanges among December three, 2022 and January three, 2023.
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