Binance Reopens Withdrawals in Stages: 4.65 Billion Dollars in 9.5 Hours, the Exchange Holds Up

Binance Reopens Withdrawals in Stages: 4.65 Billion Dollars in 9.5 Hours, the Exchange Holds Up

Binance has given clients back their withdrawals. On November 1, 2026, the exchange began reopening crypto withdrawals in stages, with bitcoin first in line.

The main question after the incident is whether the venue can withstand the wave of requests. The first numbers show that it can.

How much was withdrawn in the first hours

In the first 9.5 hours after reopening, Binance processed 4.65 billion dollars of withdrawals. Deposits over the same period came to 1.01 billion.

The net outflow was 3.64 billion dollars. That is about 2.1% of the 171 billion dollars in assets the exchange reports.

Over the day, the tracked net outflow reached roughly 5.8 billion dollars.

In our view, volumes like these are reassuring rather than alarming. Requests are being executed, money is going out to clients, and deposits keep coming in even on the most nervous day.

Reserve and loss coverage

Binance set aside more than 6.34 billion dollars of its own funds to compensate users for their losses. The exchange also says it has replenished about 95% of the stolen assets.

Independent confirmation of full backing through proof of reserves had not yet been published at that point. We believe that report will be the next milestone, and for now the best guide is how withdrawals actually go through.

The market took the reopening calmly. Bitcoin's weekly close held above the 75,800-76,200 dollar zone.

What spreads show during a staged reopening

While withdrawals are closed, the price on the venue lives a life of its own. A coin cannot be quickly moved to another exchange, and the quote drifts away from the market.

When withdrawals return one coin at a time, the gap closes unevenly. From what we see, for assets that are already open the spread compresses quickly, while where the queue has not yet reached, the gap can persist longer.

We covered similar mechanics in our article on Bitget's staged reopening of withdrawals. There we noted that the gap on a reopened coin collapses quickly, sometimes faster than a transfer can go through.

How arbitrage traders should act

• do not rush: the first wave of requests goes into an overloaded system
• check networks: during a staged launch, some coins and networks are still closed
• start with a small test transfer
• split capital: do not keep the entire working size of a trade on one venue
• account for transfer time: the spread window may close before the coin arrives

Our tools

During a staged reopening of withdrawals, prices on different exchanges converge unevenly, and this is only visible when every venue is on one screen. Our arbitrage screener keeps dozens of venues in one window, refreshes quotes every second and shows each gap together with the volume actually behind it. The spread calculator helps you check what survives fees, network costs and slippage at your size. The bot is fully manual. It never connects to your exchange API keys.

To test the tools on a live market, ArbitrageScanner offers one day of free access to the whole ecosystem.

FAQ (Frequently Asked Questions)

1. Has Binance reopened crypto withdrawals?

Yes. On November 1, 2026, Binance began resuming withdrawals in stages, with bitcoin opened first.

2. How much was withdrawn from Binance after withdrawals reopened?

In the first 9.5 hours, 4.65 billion dollars against 1.01 billion in deposits, for a net outflow of 3.64 billion. Over the day it reached roughly 5.8 billion.

3. Will Binance compensate users for their losses?

The exchange set aside more than 6.34 billion dollars of its own funds for compensation and says it has replenished about 95% of the stolen assets. There was no independent confirmation via proof of reserves at that point.

4. How to safely withdraw money from Binance now?

Do not rush, check the network status, start with a test transfer and do not keep all of your capital on one venue.

Conclusion

Binance reopened withdrawals in stages and processed 4.65 billion dollars of requests in the first 9.5 hours. The net outflow is about 2.1% of reported assets, and the compensation reserve exceeds 6.34 billion.

The next important step is independent confirmation of reserves. In these days, arbitrage traders are better off not chasing wide spreads but checking networks, splitting capital and starting with small amounts.

IMPORTANT! We are software developers. We do not give recommendations or promises of earnings and we do not advise you to invest your money anywhere. Our software is fully manual, all your money stays under your own control. We show examples of how our clients have earned on arbitrage in the past, but we do not advise repeating those actions one to one. Your earnings depend solely on your own actions and on market factors.