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Changpeng Zhao, founder of Yuan'an: the net outflow of assets of Yuan'an in the past 24 hours is about 392 million dollars

Blockchain 2023-06-13 10:58:57 Source: Network

On June 10 local time, Changpeng Zhao, founder of the world's largest Cryptocurrency exchange, reported on Twitter that the net outflow of assets of the platform in the past 24 hours was about $392 million. The platform wallet address is public

On June 10 local time, Changpeng Zhao, founder of the world's largest Cryptocurrency exchange, reported on Twitter that the net outflow of assets of the platform in the past 24 hours was about $392 million. The platform wallet address is public. Some third-party analyses consider changes in AUM (asset management scale) measured in dollars as outflows, including outflows caused by the decline in the price of Cryptocurrency (asset management scale reduction). Changpeng Zhao emphasized that these are two different concepts. Some even measure outflows without measuring inflows.

On days like today when prices fluctuate violently, many arbitrage traders transfer a large amount of funds between various trading platforms, usually several times larger than usual. As a reference, Coin An processed a net outflow of $7 billion on one day last November, "said Zhao Changpeng.

Tag: of Yuan an the Changpeng Zhao founder net outflow


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