New data suggested that Binance was doing relatively much better than FTX.
Exchange volumes grew in the last quarter as BNB’s price continued to decline.
Binance [BNB] had one of the most tumultuous times in 2023, with factors such as lawsuits and regulatory scrutiny putting a dent in its step.
But despite the volatility, new data suggested that Binance was doing relatively well.
Smooth sailing for Binance?
According to Capriole Funds’ data derived by AMBCrypto, upon examining the Reserves 7 day Drawdown for Binance, one can observe more stable trends, with smaller declines indicating routine customer deposits and withdrawals.
Unlike FTX, Binance did not exhibit the same magnitude of challenges in managing reserves, as reflected in the Reserves 30 Day Drawdown.
Source: Capriole
The Volume-Reserve Ratio (VRR) Score for Binance also showed reduced risk for the exchange. Binance’s ratio tended to stay within more manageable levels, signaling a more balanced relationship between tr
We współpracy z: https://ambcrypto.com/heres-how-binance-compares-to-ftx-in-2024/
