BUSD leaving exchanges fall to $40M from December’s $3B

The magnitude of Binance USD (BUSD) leaving exchanges fell to $40 cardinal from implicit $3 cardinal recorded successful December 2022, according to Glassnode information analyzed by CryptoSlate.

The illustration beneath represents the regular BUSD withdrawn from and deposited into crypto exchanges since mid-November 2022.

BUSD nett transportation measurement from/to exchanges (Source: Glassnode)

On Feb. 13, astir $40 cardinal BUSD tokens were withdrawn from the exchanges. On Dec. 13, 2022, this fig was implicit $3 billion. This alteration marks a -98.6% alteration successful the magnitude of withdrawn BUSD successful 62 days.

The crypto marketplace witnessed a monolithic BUSD outflow from exchanges astatine the extremity of 2022. According to CryptoSlate analyses, the magnitude of withdrawn BUSD reached $6 cardinal between Nov. 19 and Dec. 19, 2022. Another investigation revealed that $6.2 cardinal worthy of BUSD near the exchanges between Dec. 3, 2022 and Jan. 3, 2023.

The station BUSD leaving exchanges autumn to $40M from December’s $3B appeared archetypal connected CryptoSlate.