OKX draws $445M in net inflows as Binance outflows exceed $7B

What happened

OKX drew about $445 million in 24-hour net inflows, the largest among tracked crypto exchanges, while Binance recorded over $7 billion in net outflows after a $6.3 billion hack and the phased restoration of withdrawals on Sunday.

Confirmed

Global impact / market context

The shift shows traders moving coins toward exchanges they see as safer. For companies, large outflows raise the cost of holding customer deposits and can force higher cash buffers, while inflows give OKX more assets to earn fees from.

Analyst inference

Binance still holds about $127.9 billion in tracked wallets, more than four times OKX's $29 billion, so its lead remains large. The outflow is a confidence test: if withdrawals and asset replacement continue smoothly, customer balances may stabilize.

Analyst inference

What to watch

1. Binance said it replenished roughly 95% of affected assets by Sunday, up from 90% on Saturday, with the remaining 5% in less liquid tokens it is still buying. Confirmed
2. Watch whether Binance completes the remaining asset purchases and restores full withdrawal service, since progress there could slow or reverse the more than $7 billion in net outflows. Proposed
3. Track whether OKX's $445 million inflow holds over coming days; a lasting gain would signal depositors are shifting balances, affecting exchange fee revenue and the cash available for operations. Analyst inference

Evidence

• cointelegraph.com