After the United States Securities and Exchange Commission (SEC) expanded its regulatory gaze on the cryptocurrency sector, including with lawsuits against crypto trading platforms Coinbase and Binance, fears seem to have continued the migration of Bitcoin (BTC) off crypto exchanges.
Specifically, the percentage of Bitcoin held across exchange addresses has been in perpetual decline since the Covid-19 crisis and has shrunk to the current value of 11.7% or 2.27 million BTC, according to the data shared by blockchain and crypto analytics platform Glassnode on June 26.
As the platform’s team further explained, this is the lowest percentage of the maiden cryptocurrency on cryptocurrency trading platforms recorded collectively since December 21, 2017, or over a period of more than five years.
Bitcoin balance on exchanges. Source: Glassnode
Interestingly, the second-largest digital asset by market cap, Ethereum (ETH), has recorded a similar trend, in which the richest non-exchange crypto w
We współpracy z: https://finbold.com/bitcoin-held-on-exchanges-drops-to-lowest-in-over-5-years-amid-sec-lawsuits/
