Binance.US Seeing Uptick in Customer Outflows, Researcher Says

Binance.US, the American crypto trading affiliate of Binance Holdings Ltd., is seeing an uptick in customer outflows after the US Securities and Exchange Commission filed to seize the platform’s assets, according to a blockchain analytics firm.

New outflows were about $124 million in the 24 hours that ended as of 8:30 a.m. in New York, according to data from researcher Nansen. Binance.US’s customer assets total over $2.2 billion, according to a memorandum from the SEC. Binance.US declined to comment Wednesday on customer outflows.

The agency filed an emergency action application to a court on Tuesday for a temporary restraining order. ...