The post Crypto Markets Recover Swiftly Post Binance CEO’s Resignation; No Panic Sell Observed appeared first on Coinpedia Fintech News
Crypto markets have shown a remarkable rebound just one day after the surprising announcement of Binance CEO Changpeng Zhao’s resignation. Contrary to expectations, there has been no panic or mass withdrawal from the world’s largest crypto exchange, Binance.
Despite the news triggering a $956 million outflow, Binance’s total holdings value surged to $65.2 billion as cryptocurrency prices experienced an upward trend.
Steady Operation Despite CEO’s Departure
Binance, renowned as the leading crypto exchange by volume, faced a significant challenge with the resignation of its influential CEO CZ. Despite concerns, there was no substantial withdrawal of funds from the platform in the 24 hours following the announcement.
Contrary to speculations about a mass exodus from Binance, the user base appears to be standing firm. While some traders have dive
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