Conor Grogan tweeted on May 9 that BinanceUS was beginning to log net outflows of its ETH staking service.
The move comes as decentralized exchanges gain ground on their centralized competitors.
According to the director of Coinbase, the main staking wallet for BinanceUS has withdrawn from all staking pools (includes $150M of ETH, $2.5M of MATIC, and assets like SKL and T) and sent all funds back to cold storage.
@Jconorgrogan included a screenshot and a link to the Etherscan addresses.
“Unsure why they might do this as Binance.US homepage says staking is still live Perhaps they are simply rotating wallets (If so the ETH staking queue will take weeks to clear)”, he wrote in a follow-up tweet. Binance’s terms of service were also recently updated on May 5.
Conor added;
There is always a chance that this wallet is not actually BinanceUS operated as tagged. But I think that is unlikely as it deposited the majority of funds directly into BinanceUS’s cold storage.
Acco
We współpracy z: https://thenewscrypto.com/coinbase-director-tweets-etherscan-chart-detailing-binanceus-withdrawal-from-staking-pools/
