Binance releases withdrawal of five more coins and withdrawals total US$5.165 billion

Binance has expanded the list of currencies available for withdrawal, a step that signals the platform's gradual recovery after a hacker attack.

According to InfoMoney, five new currencies were released: the US dollar (USD), the United Arab Emirates dirham (AED), the Vietnamese dong (VND), the Philippine peso (PHP) and the Indonesian rupiah (IDR).

The same survey shows that the volume of withdrawals reaches US$5.165 billion, according to data from DefiLlama. The number shows the size of the flow of exits from the platform, but the data collected does not include a period of time that allows comparing the movement with the moment before the attack.

Attacks on brokers usually leave a central question for the user: is the money safe and can it leave whenever they want? Releasing withdrawals in more currencies partially answers this question, but does not end it.

From a liberal perspective, the possibility of withdrawing and transferring assets without hindrance is an essential part of an open market. The recovery of a platform, however, depends on transparency and trust, and the investor must evaluate these factors before making any decision.

What changes for the investor

For those who maintain resources on Binance, the main change is the expansion of withdrawal options, which can facilitate the movement of dollars and other currencies off the platform. As a sign, the measure indicates progress in the normalization of operations after the attack. The report does not provide an analysis of the impact on asset prices, and this data does not allow us to predict this effect. The decision to hold, withdraw or operate remains up to each investor, based on their own profile and information.

Automatically translated from Portuguese.