Capital Outflows
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Silicon Valley Bank Collapse Leads to Shift Towards Decentralized Exchange
It is reported that the collapse of Silicon Valley Bank (SVB) has led to a significant flow of funds from the Centralized Exchange (CEX) to the Decentralized Exchange (DEX). Chainalysis, a blockchain analysis company, explained in a blog post on March 16th that when markets are volatile, capital outflows from centralized exchanges typically surge, as users may worry that they will not be able to use their funds in the event of an exchange failure. Chainalysis: After the collapse of the Silicon Valley bank, crypto users turned to DEX, and the purchase volume of USDCs on DEX surged Analysis based on this information:The collapse of Silicon Valley Bank (SVB) has triggered a significant shift in the movement of funds from centralized exchanges (CEX) to decentralized exchanges (DEX), according to a blog post released on March 16th by Chainalysis, a blockchain analysis company. As the markets continue to remain volatile, the capital outflows from centralized exchanges have surged, and users have…
