Is Binance's $1.2 Billion Daily Net Inflow What It Seems?
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Binance reports significant daily inflows. The news comes after the market crash. Other figures put this reporting in context. Centralized exchanges often face criticism for the lack of transparency in their financial reporting. Critics argue that exchanges present the numbers in a way that looks best for them. Recently, Binance CEO Richard Teng highlighted a daily inflow of $1.2 billion as one of the highest single-day inflows for the exchange this year. This claim, however, comes on the heels of an even bigger outflow following the recent market crash. Binance’s $1.2 Billion Daily Inflows Come With Major Caveat Binance’s
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