CoinBiz saw the largest net flow of Bitcoin in its history in the wake of the interruption of service on the Queen Biz Stock Exchange.

There was a service outage on the stock exchange on the 1st of June while increasing the traffic as Bitcoin was trying to push the resistance level $ 10,000.

Likewise, due to Bitmix's blackout a few months ago, it caused a lot of frustration among its user base. A few days later, one of its most popular users, the author of Black Swan.

Are users punished for Queen Biz?

On June 7, CoinBiz users withdrew 22,000 bitcoins more than they deposited - valued at $ 214 million.

According to Glasnud's data, it only happened once in history as the Coinbase experienced a larger net draw - July 28, 2017, when the flow was 22500 bitcoin. < / p>

The price at the time was $ 2785. Thus, in terms of the dollar, this was a more modest event, as only $ 63 million of Bitcoin was withdrawn from the stock exchange.

CoinBase still holds close to 1 million bitcoins, more than any other exchange. Consequently, this latest incident may have little impact on the bottom line.

However, considering how Bitmix lost its leadership position, it is better for Queen Biz to fix its expansion issues so that more of its users are not alienated. p>