Coinbase And Binance Show Negative Netflow After SEC Suits: Nansen

Summary: Data from blockchain intelligence startup Nansen showed negative netflow from Coinbase and Binance after the U.S. SEC sued both crypto exchanges. Binance and Binance US recorded a combined negative outflow north of $400 million 24 hours after the SEC’s lawsuit against rival Coinbase. Coinbase saw a smaller negative netflow across its crypto exchange and custodial service at just over $80 million, excluding withdrawals on Bitcoin’s network for both platforms. Data from blockchain intelligence startup Nansen showed negative netflow from