ETH Continues to Leave Trading Platforms, Ethereum Balance on Exchanges Lowes...
While the second-largest crypto asset by market cap has gained more than 15% in value against the U.S. dollar during the last week, the number of ethereum stored on exchanges has dropped significantly during the last few weeks. In less than two years, more than 29% of the ether held on exchanges has left centralized trading platforms and since December 2021, roughly 5.89% or 1.51 million ether has left exchanges. Number of Ethereum on Exchanges Continues to Drop Seven days ago, Bitcoin.com News reported on the number of bitcoin (BTC) held on exchanges and how the metric dropped to the....
Related News
Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and onchain data shows a few exchanges have seen customers steadily drain 187,000 bitcoins ($2.1B) from exchange-owned cold wallets. In February, Coinbase had 1 million bitcoin under management and today reserves are down over 9% as 92,000 bitcoin ($1B) has left the exchange. Today, according to Bituniverse’s online exchange balance rank....
Despite the bitcoin price high, there continues to be a massive exodus of bitcoin leaving exchanges. Onchain data shows exchanges are being drained like a sieve and during the last 30 days, 87,954 bitcoin was withdrawn from the top crypto trading platforms. Back in December 2019, it was reported that the San Francisco-based exchange Coinbase held close to 1 million BTC for its users. In fact, in January 2020, Coinbase had around 969,000 BTC and the next month, it was up to its highest point of 973,000 BTC on February 10, 2020. But all year long, not only from Coinbase, but also a slew of....
BTC is coming off trading platforms again as prices dip into Q1 2022. Bitcoin (BTC) exchange reserves are back near record lows as 2022 sparks renewed appetite among buyers.Data from on-chain analytics firm CryptoQuant shows reserves across 21 exchanges at 2.308 million BTC as of Jan. 4.Exchanges return to overall BTC balance downtrendLate December saw a macro low of 2.303 million BTC left on exchanges’ books, CryptoQuant recorded, before a brief uptick to 2.334 million.Bitcoin exchange reserves chart. Source: CryptoQuantAs institutional entities return to the market after the holiday....
Nearly $1.61 billion worth of Ethereum tokens has left crypto exchanges year-to-date, ahead of its protocol's potential full merge to proof-of-stake in summer. The amount of Ethereum's native token Ether (ETH) kept with crypto exchanges has fallen to its lowest levels since September 2018, signaling traders' intention to hold the tokens in hopes of a price rally in 2022.Notably, nearly 550,000 ETH tokens — worth around $1.61 billion — have left centralized trading platforms year-to-date, according to data provided by Glassnode. The massive outflow has reduced the exchanges' net Ether....
The Bitcoin exchange and trading platform, Bitfinex has included Ethereum as one of the tradable crypto-assets. Users will be able to trade ETH/BTC and ETH/USD pairs from Monday. The phenomenal rise of Ethereum in the recent months is hard to ignore. The Ethereum cryptocurrency has gained over 100 percent in the past few months, increasing its demand among the cryptocurrency community. The increasing value combined with a positive outlook for Ethereum as a cryptocurrency and a platform has certainly kindled interest among crypto-traders. Ethereum-Bitcoin and Ethereum-US dollar are widely....