According to a recent analysis, crypto investors have started withdrawing their digital assets from the Binance crypto exchange in recent weeks following the demise of the rival FTX. And, in spite of CEO Changpeng “CZ” Zhao’s reassurances that the crisis had been brought under control, the rate of outflows is only increasing. Customers withdrew a net amount of 360 million dollars on Friday and it certainly seems like the world’s largest digital asset exchange, Binance, is having trouble maintaining its holdings.

The underperformance of the exchange’s indigenous tokens, Binance Coin (BNB) and Binance USD (BUSD), is indicative of investors’ skepticism. The value of BNB has dropped by 29% in only a little over two months. Whereas, BUSD has also dropped in market cap, thus losing out on its 6th rank to XRP.