According to CryptoSlate, Binance’s tracked ERC-20 stablecoin balance stands at approximately $32.0 billion. The report noted that this metric excludes other networks, and wallet reorganizations and cross-chain transfers may account for some of the decline; therefore, a decrease in the balances of identified Ethereum addresses cannot be directly equated to an equivalent outflow of customer funds. In a snapshot of narrow-range Bitcoin buy orders on November 10, Binance's displayed buy order value was higher than that of OKX, but a single order-book observation is insufficient to prove that sustained liquidity has recovered.