{"id":298421,"date":"2023-02-13T17:46:54","date_gmt":"2023-02-13T17:46:54","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=298421"},"modified":"2023-02-13T17:46:54","modified_gmt":"2023-02-13T17:46:54","slug":"busd-leaving-exchanges-fall-to-40m-from-decembers-3b","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/busd-leaving-exchanges-fall-to-40m-from-decembers-3b\/","title":{"rendered":"BUSD leaving exchanges fall to $40M from December’s $3B"},"content":{"rendered":"

The amount of Binance USD (BUSD<\/a>) leaving exchanges fell to $40 million from over $3 billion recorded in December 2022, according to Glassnode data analyzed by CryptoSlate<\/em>.<\/p>\n

The chart below represents the daily BUSD withdrawn from and deposited into crypto exchanges since mid-November 2022.<\/p>\n

\"BUSD
BUSD net transfer volume from\/to exchanges (Source: Glassnode)<\/figcaption><\/figure>\n

On Feb. 13, around $40 million BUSD tokens were withdrawn from the exchanges. On Dec. 13, 2022, this number was over $3 billion. This change marks a -98.6% decrease in the amount of withdrawn BUSD in 62 days.<\/p>\n

The crypto market witnessed a massive BUSD outflow from exchanges at the end of 2022. According to CryptoSlate<\/em> analyses, the amount of withdrawn BUSD reached $6 billion between<\/a> Nov. 19 and Dec. 19, 2022. Another analysis revealed that $6.2 billion worth of BUSD left the exchanges between<\/a> Dec. 3, 2022 and Jan. 3, 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"

The amount of Binance USD (BUSD) leaving exchanges fell to $40 million from over $3 billion recorded in December 2022, according to Glassnode data analyzed by CryptoSlate. The chart below represents the daily BUSD withdrawn from and deposited into crypto exchanges since mid-November 2022. On Feb. 13, around $40 million BUSD tokens were withdrawn from […]<\/p>\n","protected":false},"author":1262,"featured_media":298435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,76736],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nBUSD leaving exchanges fall to $40M from December's $3B<\/title>\n<meta name=\"description\" content=\"Around $40 million BUSD left the exchanges on Feb. 13, while this number was over $1.5 billion on Dec. 13, 2022.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/busd-leaving-exchanges-fall-to-40m-from-decembers-3b\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BUSD leaving exchanges fall to $40M from December's $3B\" \/>\n<meta property=\"og:description\" content=\"Around $40 million BUSD left the exchanges on Feb. 13, while this number was over $1.5 billion on Dec. 13, 2022.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/busd-leaving-exchanges-fall-to-40m-from-decembers-3b\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-13T17:46:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/busd-volume.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zeynep Geylan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zeynep Geylan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/busd-leaving-exchanges-fall-to-40m-from-decembers-3b\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/busd-leaving-exchanges-fall-to-40m-from-decembers-3b\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#person\",\"name\":\"Zeynep Geylan\",\"url\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"caption\":\"Zeynep Geylan\"},\"jobTitle\":\"Journalist\",\"description\":\"Zeynep is an academic who turned to crypto in 2018. 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