'Binance is a tremendously complex entity,' nansen_ai's Blockanalia says. 'When it comes their financials, it's still very much a black box.' He shares on-chain insights of the crypto exchange's reserves, following the rapid implosion of rival FTX:
Binance, the world's largest exchange by trading volume, has faced billions of dollars in net outflows recently, after rival exchange FTX filed for bankruptcy and decreased investor confidence in the crypto markets.
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