Binance Posts Multi-Billion Net Outflow as OKX Leads Rival Exchange Inflows
Binance recorded a net outflow of roughly $4.54 billion to $7 billion over a 24-hour window, depending on the source, while OKX led tracked rivals with about $445 million to $564 million in net inflows. The tracked exchanges' inflows remain far smaller than Binance's outflow, and the data does not show how much of the money moved into self-custody.
Written by CoinArticle’s AI Newsroom · from 2 cited sources. How we work
The Outflow Figures Differ by Source
Binance posted a net outflow over a single 24-hour window, but the two reports disagree on its size. Crypto Briefing, citing DefiLlama data, put the figure at about $7 billion. The Defiant reported $4.54 billion across the same kind of exchange-level tracking. The gap likely reflects differences in which wallets were counted or the timing of the measurement window, and neither report explains the discrepancy.
DefiLlama tracks the wallets that centralized exchanges publicly disclose, which allows it to estimate daily net flows by platform. A net outflow is withdrawals minus deposits over the period. By either measure, Binance's departures were several times larger than the combined inflows of the exchanges that gained.
Rivals Gain Less Than Binance Lost
OKX led the gains among the tracked exchanges. Crypto Briefing reported $445 million in net inflows for OKX, followed by Bybit at $112 million, Gate at $91 million and Bitget at $54 million. The Defiant reported a larger combined figure of $564 million across 10 large tracked rivals, with OKX again in front. The two reports therefore agree on OKX's lead but differ on the total for the wider group, and the four exchanges Crypto Briefing named sum to well under $1 billion.
Even on the higher combined figure, the rivals' gains fall short of Binance's outflow. The two reports do not state whether the inflows were drawn from Binance specifically, so no direct transfer between platforms can be confirmed from this data.
Scale and Reserves
DefiLlama data cited by Crypto Briefing indicated Binance held roughly $128 billion in assets after the outflows. On that basis, a $7 billion departure is a meaningful reduction but not a hollowing out of the reserves. OKX's $445 million inflow brought its total tracked reserves to about $29 billion, according to the same source.
What the Data Does Not Show
Exchange-wide net flows measure the balance of deposits and withdrawals on centralized platforms. They do not show whether Binance customers moved funds into self-custody, into other exchanges, or into other forms of holding. The Defiant made this limitation explicit, and it applies equally to the Crypto Briefing figures. Readers should treat the exchange-level totals as a snapshot of platform balances rather than a measure of where individual users chose to hold their assets.
Why It Matters
For Traders
Binance's reported outflow is large in absolute terms, but sources disagree on its size, so position decisions should not rest on either figure alone.
For Investors
Sustained exchange-level flow shifts could signal changing custody preferences, though one 24-hour window is too short to establish a trend.
For Builders
Exchange-level flow data from DefiLlama depends on disclosed wallets, so integrations should account for undisclosed holdings and differing methodologies.
This article is for information only and is not financial advice. Read the full disclaimer.
