Crypto exchange Binance is seeing money flow out — and it’s been happening for three months in a row.
According to data from CryptoQuant, Binance has recorded steady stablecoin outflows since December. This is the longest stretch of negative flows since the crypto downturn in 2023.
Here’s how the numbers look:
- December: About $1.8 billion in net outflows
- January: Nearly $2.9 billion
- February: Close to $3 billion — and the month isn’t even over yet
That’s a clear acceleration.
At the same time, Binance’s stablecoin reserves have dropped sharply. In November, the exchange held around $50.9 billion in stablecoins. Now, that number is down to about $41.8 billion — a decline of almost $9 billion.
Why does this matter?
Stablecoins are often seen as ready-to-use cash inside the crypto market. Traders use them to quickly buy other digital assets when opportunities show up. When stablecoins leave an exchange, it usually means capital is exiting the platform — not just moving between different crypto tokens.
With fewer stablecoins on hand, exchanges have less liquidity. That can make markets more sensitive to price swings and harder to stabilize during volatility.
The outflows are happening at a time of global uncertainty and rising geopolitical tensions. Analysts say that kind of environment often pushes investors to take a more cautious approach.
So far, there are no clear signs that the trend is slowing down.
