UPDATE: Binance net outflows reach $4.72B as 15 chains resume service
CIE News ·
Update to UPDATE: Binance restores USD withdrawals following $3.64B net outflow
Based on reporting by CryptoRank; not yet independently confirmed.
Updated figures show Binance saw $4.72 billion in net customer withdrawals across 15 reopened chains, representing 2.8% of assets, while $2.7 billion in deposits flowed back.
Customer net withdrawals from Binance climbed to $4.72 billion on November 2, 2026, following the restoration of services across 15 blockchain networks. As previously reported, early figures placed net outflows at $3.64 billion after cash withdrawals resumed, but updated metrics show the drain accounted for approximately 2.8% of platform assets. The reopened networks included Bitcoin (BTC), Ethereum (ETH), Solana (SOL), BNB Chain, Tron, and XRP Ledger.
Public blockchain tracking by DefiLlama recorded roughly $7.03 billion in total 24-hour gross wallet outflows from Binance-labeled addresses, alongside a seven-day outflow tally of about $13.52 billion. In contrast, competing trading venues saw positive net inflows over the same 24-hour window, with OKX capturing around $445.6 million and Bybit taking in about $111.5 million.
A Binance representative reported that withdrawal activity has begun stabilizing, with approximately $2.7 billion deposited back onto the platform. Telemetry from DefiLlama showed Binance still holding about $127.9 billion in tracked wallet assets following the phased reopening.
Key facts
- $4.72B net withdrawals
- $7.03B gross 24-hour outflows
- 15 blockchain networks restored
- $2.7B deposited back
Read the original at CryptoRank