The wallets balances reduction of Bitcoin exchanges was recently recorded

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The wallets balances reduction of Bitcoin exchanges was recently recorded
2019-01-11 in BLOCKCHAIN

At the moment, 716 thousand BTC (4.1% of total emission), 7 million ETH (6.8%) and 1.2 billion USDT (63.5%) are stored in public wallets of cryptocurrency trading platforms. At the same time, the addresses of the wallets of such large exchanges as Coinbase and BitMEX remain unknown, according to The Block.

Coinbase representatives reported that in December, the platform moved 5% of the total Bitcoin emissions and 8% of all Ethereum coins to the updated vault. However, it has not yet been possible to obtain independent confirmation of this information.

At the same time, some data indicate that BitMEX has about 1% of all bitcoins on their wallets. Thus, at least 10% of the total BTC emission is on the balance of the trading floors.

In the past three months, Bitcoin exchange balances began to decline. On average, users have brought about 6%. With this, the largest number of coins left Bitfinex, Kraken and Poloniex wallets, but Huobi, on the contrary, increased its balance sheets

A similar situation exists with Ethereum. Gemini, OKEx and wallets have lost the largest number of coins, while Bittrex and Kraken have improved the situation. On average, the ETH-balances of trading floors decreased by a little more than 6%.

Note that the USDT-balances of the exchange also decreased significantly. In October, Tether Limited destroyed 500 million tokens, and the new steablcoins [USDC, Paxos and Gemini dollar] strengthened.

The total value of Bitcoins, Ethereum and Tether on the wallets of the Binance Exchange is about $ 1.5 billion, which puts it in the first place among the platforms with public addresses. Followed by Huobi, Bitfinex, Bittrex and Kraken.

Recall that earlier in the Bitcoin network took place the action Proof Of Keys, in which users checked the solvency of the exchanges by large-scale transfer of assets to personal wallets. As a result, problems in the work were fixed on Bitfinex, Poloniex and Coinbase Pro.

  • bitcoinBitcoin$3,612.22
  • rippleXRP$0.322734
  • ethereumEthereum$120.04
  • tetherTether$1.00
  • eosEOS$2.43
  • stellarStellar$0.106313
  • litecoinLitecoin$31.12
  • cardanoCardano$0.043765
  • tronTRON$0.023848
  • moneroMonero$44.77
  • iotaIOTA$0.311224
  • nemNEM$0.056063
  • dashDash$70.36
  • neoNEO$7.56
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