Binance: Net outflows totaled $3.64 billion on the first day of withdrawals reopening, just 2.1% of the platform's total assets under management
BlockBeats News, November 2: Binance posted on social media that the platform began restoring withdrawal services in phases at 14:00 Beijing time on November 1. As of 20:36 on November 1, withdrawals had been restored for all 15 networks and assets in the initial phase. Following the initial surge in withdrawals, volumes have since declined and stabilized as expected, while deposit volumes remain high.
Between 14:00 and 23:30 Beijing time on November 1, the Binance platform processed $4.649 billion in withdrawals and $1.01 billion in deposits, resulting in net outflows of approximately $3.64 billion. According to the latest available Proof of Reserves (PoR) data as of October 28, 2026, this represents 2.1% of the platform's $171 billion in total assets under management (AUM). A new PoR snapshot was generated at 08:00 on October 31, and zero-knowledge proof (ZKP) computations have begun. The updated report is expected to be published on Binance's PoR website tomorrow.