Every sixth bitcoin is stored on crypto exchange wallets

by in Cryptocurrency News

Bitcoin crypto exchange

The balance of the largest exchanges has 3.1 million BTC ($29.3 billion), or about 16.5% of the market supply of the first cryptocurrency. It is reported by The Block.

Related: The average size of commissions in the Bitcoin network fell

Since February 9, when this volume was 3.43 million BTC (or almost every fifth bitcoin), today the figure has decreased by 10%. Analysts obtained such estimates by consolidating data from various sources bitUniverse, chain.info, Glassnode, Peckshield, BitFury, and BitcoinWhosWho.

Coinbase exchange stores 984.3 thousand client BTCs or 5.4% of the entire offer of the first cryptocurrency. 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).