January 9, 2019, 10:00AM EST
• 2 min read

Analysis of cryptocurrency exchange wallets shows holdings are decreasing

Quick Take

  • There are currently 716k bitcoin (4% of circulation), 7M ether (7% of circulation) and 1.2B tether (64% of circulation) held in the publicly known wallets of crypto exchanges
  • In the last three months, exchange wallet balances decreased by 6% for both bitcoin and ether but by 40% for tether
  • The decrease could indicate either lower levels of speculation or that customers are withdrawing their cryptocurrencies to their own wallets
  • Out of the tracked exchanges, Binance, currently stores the largest amount of crypto holdings, amounting to more than $1.5 billion just from bitcoin, ether and tether holdings combined

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