New Delhi, Nov. 10 -- The limited impact of the USD 6.3 billion Binance hack on Bitcoin trading suggests that the cryptocurrency market has become more resilient to exchange-specific shocks, reducing the risk of liquidity disruptions, according to Fitch Ratings.

The rating agency said Bitcoin's relatively limited price decline and a sharp increase in trading volumes following the attack indicated that the market was better able to absorb exchange-specific disruptions than during previous major incidents.

The attack began on October 29, with around USD 6.3 billion in digital assets stolen from Binance across multiple blockchains, in what may be the largest cryptocurrency theft to date. The stolen assets reportedly included around 18,270 ...