Following the phased restoration of services on November 1, 2026, Binance reported high initial transaction volumes as users regained access to their accounts.
Key Metrics (06:00 to 15:30 UTC, Nov 1)
Gross Withdrawals: $4.65 billion processed within the first 9.5 hours.
Gross Deposits: $1.01 billion deposited during the same period.
Net Outflow: $3.64 billion, representing ~2.1% of Binance’s total Assets Under Management ($171 billion, based on the October 28 Proof of Reserves data).
Technical & Operational Status
Phased Rollout: Phase 1 restored access for 15 major networks and assets—including BTC, ETH, USDT, USDC, BNB, SOL, and XRP. Testing for additional networks is ongoing.
Flow Stabilization: Following an initial backlog surge upon reopening, Binance noted that withdrawal request volumes slowed down and stabilized, supported by steady deposit activity.
Reserves Audit: Binance scheduled an updated zero-knowledge Proof of Reserves report based on an October 31 snapshot.
$BTC $BNB #Binance
Key Metrics (06:00 to 15:30 UTC, Nov 1)
Gross Withdrawals: $4.65 billion processed within the first 9.5 hours.
Gross Deposits: $1.01 billion deposited during the same period.
Net Outflow: $3.64 billion, representing ~2.1% of Binance’s total Assets Under Management ($171 billion, based on the October 28 Proof of Reserves data).
Technical & Operational Status
Phased Rollout: Phase 1 restored access for 15 major networks and assets—including BTC, ETH, USDT, USDC, BNB, SOL, and XRP. Testing for additional networks is ongoing.
Flow Stabilization: Following an initial backlog surge upon reopening, Binance noted that withdrawal request volumes slowed down and stabilized, supported by steady deposit activity.
Reserves Audit: Binance scheduled an updated zero-knowledge Proof of Reserves report based on an October 31 snapshot.
$BTC $BNB #Binance