Binance Reports Deposits Exceeding Withdrawals as User Activity Improves

Binance deposits exceed withdrawals on an hourly basis right now, the exchange said on Tuesday, as Binance user activity starts to pick up after the $6 billion hack. The shift came by 03:00 UTC on November 3, after days of heavy hack withdrawals and billions in Binance crypto outflows. In the update confirming that Binance deposits exceed withdrawals, the exchange said: “By 03:00 UTC, we are seeing hourly deposits exceed withdrawals, reflecting improving user activity and stabilizing flows.” Binance Hack Recovery, $6 Billion Outflows and User Confidence The update matters because Binance deposits exceed withdrawals after two days in which…