CZ Says Binance Deposits Now Outpace Withdrawals Hourly

Binance founder Changpeng "CZ" Zhao wrote on X on November 3, 2026 that the exchange's hourly deposits now exceed withdrawals, framing it as a sign of improving platform confidence. He added that, "according to public reports, only 6-10% of withdrawals went to other CEX," with the majority of withdrawn funds moving into self-custody wallets that had "not interacted with a DEX yet." CZ closed the post with "Stay safe."

What CZ's numbers do and don't establish

CZ's post is a CLAIMED-BY-PERSON statement — his own characterization of internal flow data, posted from his verified account, rather than a dataset Binance itself published alongside methodology or a time window. The 6-10% figure describing how much of withdrawn funds reached other centralized exchanges is attributed to "public reports" in his post, but CZ did not name which reports, nor did he specify over what period the hourly deposit-exceeds-withdrawal pattern held. No separate Binance corporate disclosure accompanying this specific claim was located in a check of Binance's own channels at the time of writing.

The timing matters because deposit and withdrawal flow commentary from an exchange executive tends to surface after periods of elevated withdrawal activity, often tied to either market volatility or a security concern prompting users to pull funds. CZ's post does not reference any specific precipitating event, and this article makes no claim linking his statement to any particular prior incident — doing so would assert a causal connection the source itself does not state.

What the post does establish, at the CLAIMED-BY-PERSON level, is CZ's own characterization that user behavior following a withdrawal wave skewed toward self-custody rather than consolidation on rival exchanges. That distinction is one Binance and other platforms have highlighted before during periods of net outflows, typically to counter narratives that withdrawals signal a shift away from centralized exchanges broadly rather than a shift in custody preference among existing users.

What to watch next

Binance has not published its own dataset or blog post independently corroborating the specific 6-10% cross-exchange figure CZ cited, nor the hourly deposit-versus-withdrawal comparison, as of this writing. Readers tracking exchange-level flow data should note that CZ's numbers come from a personal X post rather than a sourced Binance disclosure, and the "public reports" he references remain unnamed.

For holders weighing custody decisions amid any outflow narrative, the underlying question CZ's post raises — whether withdrawn funds are moving to self-custody wallets or circulating among exchanges — is one that typically gets clearer with on-chain analysis over time rather than a single social post. CoinsCipher will update this article if Binance publishes its own flow data or if the "public reports" CZ referenced surface independently.