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Felicia Tan
in
Crypto
June 2 14:57

Study: One in six bitcoins is stored on cryptocurrency exchange wallets

BTC 3.1m ($29.3bn) or about 16.5% of the market supply of the first cryptocurrency remains on the balance sheets of the largest exchanges. This is reported by The Block.  
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Since February 9, when this volume was 3.43 million BTC (or almost every fifth bitcoin), to date, the figure has decreased by 10%. Analysts received such estimates by consolidating data from various sources - bitUniverse, chain.info, Glassnode, Peckshield, BitFury and BitcoinWhosWho.
On the Coinbase exchange 984.3 thousand client BTC are stored or 5.4% of the total offer. According to researchers, two months earlier this value exceeded 1 million coins.
Coinbase is followed by Huobi (413 thousand BTC), Binance (318 thousand BTC), OKEx (268 thousand BTC) and BitMEX (217 thousand BTC).
Earlier Forklog reported that BTC balances on the largest Bitcoin exchanges fell to a minimum since May 2019.