Ethereum Exchange Withdrawals Reaches One-Year Low. Why This Matters
Ethereum has seen plummeting exchange withdrawals in recent times. Exchange withdrawals are a metric that is used to sometimes map out investors’ sentiment towards a cryptocurrency. With Ethereum exchange withdrawals reaching one-year lows, it brings to light some facts about the digital asset and where it may be headed. We’ll explore some of that in this article. Exchange Withdrawals Plummet Data from Glassnode shows that ethereal exchange withdrawals have been on the decline. This metric had held up through multiple bull rallies and going against the grain as investors chose to....
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London-based bitcoin exchange CEX.IO, has reached $80 million in card transactions for deposits and withdrawals and 800,000 accounts since its establishment in 2013. With the United States, Europe, and South America being its main market, the past year has seen the company enable many significant features for its customers. Card payments are an easy and popular option among CEX.IO users. They can use their ordinary Visa or MasterCard to buy and sell BTC and ETH. Once the card is linked to a user’s profile, deposits and withdrawals are processed instantly, at very lost costs, starting from....
Ethereum 2.0 has been long in the making ever since the Beacon Chain went into operation in 2020. Since then, there have been numerous upgrades made to prepare the network for the final proof of stake move. Most recently of this has been the Kintsugi testnet that allows users of the blockchain to get a glimpse of what is to come when “The Merge” finally happens. It has been a year since the move to ETH 2.0 was set into motion and there have been some notable happenings since then. In this article, we’re going to look at the year in review and all that has happened with the network since....
Crypto exchange Zipmex has now resumed withdrawals for a few altcoins apart from Bitcoin and Ethereum. So far, there are no updates about Bitcoin and Ethereum withdrawals. The halt in withdrawals on Zipmex happened after the two other exchanges Babel and Celsius froze withdrawals. The crypto exchange has now started to allow users to withdraw […]
Just recently, after the exchange paused cryptocurrency withdrawals, the trading platform Okex finally enabled digital currency withdrawals last Wednesday. Since then, the exchange seems to be experiencing an exodus of funds leaving, as onchain data shows Okex’s crypto-asset reserves like bitcoin, ethereum and tether have depleted considerably during the last ten days. Over the years a number of exchanges have had issues and have worried customers by stopping deposits and withdrawals for a period of time. Okex joined the list of exchanges that have halted withdrawals, as the....
Ethereum whales have continued to accumulate despite the current downtrend in the ETH price, providing a bullish outlook for the second-largest crypto by market cap. Notably, ETH withdrawals from exchanges recently reached their highest level since October last year, totaling over $400 million. Ethereum Whales Accelerate Withdrawals From Exchanges Crypto analyst Arab Chain noted in a CryptoQuant analysis that rising Ethereum withdrawals from exchanges have reached their highest level since October. The analyst noted that the exchange netflow data over the past few days indicates a clear....