Original - Odaily
Author - Nan Zhi
On November 21, according to Bloomberg,The U.S. Department of Justice is seeking $4 billion from Binance to end criminal charges. The dust settled on this matter in the early morning of the 22nd. The Wall Street Journal quoted people familiar with the matter as saying,Regulators will fine Binance $4.3 billion, CZ has agreed to resign and plead guilty to violating anti-money laundering regulations，Richard Teng, Binance’s head of global regional markets, takes over as Binance CEO。
In order to avoid risks, some users transferred their assets out of Binance. Five hours after the news of CZ’s resignation was reported,Nansen monitors Binance outflows exceeding $1 billion。
Odaily will display Binance data before and after CZ’s resignation in terms of transaction volume proportion, transaction depth and asset flow.
Transaction volume ratio
Odaily organized the BTC and ETH spot trading volumes on Binance, OKX, Coinbase, HTX, Bitget and Kraken (data as of 21:15 on the 24th), and the data results are as follows:
As can be seen from the above chart, Binance’s trading volume did decline to a certain extent on the 22nd, but only on that day. It has since recovered and is higher than before.
Changes in market order depth
Based on the buy 20 and sell 20 market orders of the statistical currencies on Binance, the corresponding quantity is multiplied by the price and 40 levels are accumulated to serve as the depth value of each currency. It was carried out from 20:00 on the 22nd to the 24th. 19 times of sampling, the statistical currencies include the following 16 types:
The order depth of its handicap is as follows:
It can be seen that from CZ’s resignation to the present, the total market depth of the above 16 currencies has fluctuated around 19 million USDT, and market makers and market users have shown no signs of retreat.
Nansen’s Binance asset statistics are as follows(Nansen uses UTC to display, and the corresponding date of CZ’s resignation is the 21st). On the day of resignation, the assets were affected to a certain extent, but there was no large-scale withdrawal. Subsequently, with the transfer of users and the increase in prices, the total assets were compared with There were no major changes before and after resignation.
To sum up, the news of CZ’s resignation only caused a small impact on Binance during the day. There were no major changes in its trading volume, depth, and assets, and the market still maintains confidence in it.