The Defiant

Will The Bank Run On Binance Continue?

Binance Bank Run?

By: Jack Dunham

So what’s going on at Binance? Binance, as we know, is the world’s largest crypto exchange by far, controlling an astonishing 92% of spot trading volumes at the end of 2022. Yet, their cash outflows and levels of trust seem to be far worse than the CEO CZ let on last month. And according to Forbes, the situation at the exchange is deteriorating.