Investors withdrew $1.6 billion from the Binance exchange in November.

The outflow was caused by investor concerns that the trading platform could face problems after the forced resignation of Chapeng Zhao from the post of CEO of Binance.

However, Binance is still the leading trading platform. However, its closest competitors OKX, Bybit, Coinbase and Bitget took advantage of its problems. The dominance of these platforms has increased significantly since the beginning of 2023.