Main page News, Cryptocurrency Exchanges, Binance

This morning, the world’s largest cryptocurrency exchange Binance made dozens of large transfers from its main wallets to third-party addresses, according to the report of Twitter channel called Whale Alert.

Thus, in one transaction, the cryptocurrency exchange moved almost 99 million BNB taht are estimated at about 512 million dollars and are equal to almost 80% of BNB trade daily volume. It was also stated that the exchange also made a lot of other transactions with other tokens. There are such tokens like BAT, ETH and stablecoins like USDC and TUSD.

Binance users, expectedly, began to panic and contact customer support, and some even suggested that moving the BNB could indicate that the company was ready to launch its own blockchain.

CEO of Binance Changpeng Zhao responded to the situation by retwelling a message published a month ago about the plans of the exchange to move its reserves between wallets.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error