Binance CEO Changpeng Zhao mentioned his purchasers withdrew about $1.14 billion value of cryptocurrencies from the platform at this time (December 13).
Executives vowed to satisfy demand and proceed enterprise “as normal.”
- Zhao took to Twitter to say that the latest withdrawal request was not a black swan occasion, reminding Binance of getting processed such a quantity of transactions earlier than.
- The CEO insists his exchanges haven’t been adversely affected and believes it’s a “good concept” for every centralized trade to conduct “stress take a look at withdrawals” infrequently. I am right here.
There have been some withdrawals at this time (round $1.14 billion internet). We have seen this earlier than. Some days have internet withdrawals. Some days I’ve a internet deposit. It is enterprise as normal for us.
I really suppose it is a good suggestion to do a “withdrawal stress take a look at” on every CEX on a rotating foundation. 💪
— CZ🔶 Binance (@cz_binance) December 13, 2022
- He recommended that such experiments could incur community prices, however maintain the trade “wholesome.”
- As a part of that, Tether – the corporate that points the USDT stablecoin – swore Assist Binance by performing billions of chain swaps from the Tron community to the Ethereum community.
“Inside minutes, Tether will work with Binance to carry out a series swap to transform Tron to Ethereum ERC20 and get 3B USDT. Throughout this course of, the entire provide of Tether will stay unchanged.”
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