What's Hot

    Chinese tax authorities step up pressure on private crypto investors

    26.01.2023

    Tether will look for crypto transactions that pay for child pornography

    26.01.2023

    On-chain activity in the Optimism network collapsed after the end of the NFT bonus program

    26.01.2023
    Facebook Twitter Instagram
    Friday, January 27
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Analytics»6.5% of the Bitcoin market supply is concentrated on crypto-exchanges
    92ec63ad51521478cc85a20eaeaac288f80a462d
    Analytics

    6.5% of the Bitcoin market supply is concentrated on crypto-exchanges

    AdministratorBy Administrator24.12.2021No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Reading time: ~ 2 m


    At the addresses of the centralized trading platforms, there are 1.3 million BTC – 6.5% of the total market supply. Most of these coins (over 44%) are held in Coinbase exchange wallets, according to CryptoRank analysts.

    📈Crypto Exchanges Hold 6.2% of #Bitcoin Circulating [email protected] — 583K [email protected] — 329K [email protected]— 193K [email protected] — 57K [email protected] — 48K [email protected] — 39K BTC
    Other exchanges — 67K #BTC

    👉https://t.co/nYhYMYoYXp pic.twitter.com/itrMohLyss

    — CryptoRank Platform (@CryptoRank_io) December 23, 2021

    According to CryptoRank, there are 583,000 BTC in Coinbase wallets. In second place is Binance with 329,000 BTC (almost 25% of the market supply), in third place is Bitfinex with 193,000 BTC (16.63%).

    Analyst reports indicate that CEX balances have declined over the past two years. In July 2021, their wallets had 1.53 million BTC (7.3% of the supply), in October 2020 – 1.76 million BTC (9.5%).

    Glassnode data confirms this trend, but service figures vary widely. According to the latter, there are more than 2.54 million BTC in wallets of centralized exchanges. The value corresponds to the indicator of the level of the fall of 2018.

    65 of the Bitcoin market supply is concentrated on crypto

    Data: Glassnode.

    A similar outflow of funds is observed for the Ethereum addresses of centralized exchanges. According to Glassnode, they have 14.27 million ETH on their balance sheets – the same figure was adopted in November 2018.

    1640355950 234 65 of the Bitcoin market supply is concentrated on crypto

    Data: Glassnode.

    Recall that since the creation of bitcoin, the volume of the value transferred through its blockchain has reached $ 8.89 trillion. In this indicator, the total cost “Profitable coins” amounted to $ 5.1 trillion, and “unprofitable” – $ 3.79 trillion.






    #Bitcoin #market #supply #concentrated #cryptoexchanges

    Bitcoin concentrated cryptoexchanges Market supply
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    AI Calls Bitcoin a Tool to Destroy Central Banks

    26.01.2023

    the market share of algostablecoins collapsed tenfold

    26.01.2023

    Crypto Analyst Expects Bitcoin to Rise Above $30,000 in February

    26.01.2023

    The price of bitcoin is growing due to the growth of activity of institutional investors

    26.01.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • Chinese tax authorities step up pressure on private crypto investors
    • Tether will look for crypto transactions that pay for child pornography
    • On-chain activity in the Optimism network collapsed after the end of the NFT bonus program
    • Shiba Inu Network Transferred 3 Trillion SHIB Tokens Worth $38 Million
    • AI Calls Bitcoin a Tool to Destroy Central Banks
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.