Crypto Exchanges' Wallets Balances to Dimish

On average, users have withdraw about 6% in last 3 months
10 January 2019   272

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, The Block reports.

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 withdraw about 6%. With this, the largest number of coins left Bitfinex, Kraken and Poloniex wallets, but Huobi, on the contrary, increased its balance sheets.

BTC Balances of Exchanges (last 3 months)
BTC Balances of Exchanges (last 3 months)

A similar situation exists with Ethereum. Gemini, OKEx and Gate.io 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%.

ETH Balances of Exchanges (last 3 months)
ETH Balances of Exchanges (last 3 months)

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

USDT Balances of Exchanges (last 3 months)
USDT Balances of Exchanges (last 3 months)

The Block analysts note that this trend may indicate a decline in speculative movements or the desire of users to withdraw assets to personal wallets.

The total value of Bitcoins, Ethereum and Tether on the purses 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.

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

OKEx Exchange to Launch GBP and THB OTC Markets

Thai and UK users should to pass the KYC procedure to start using Over-The-Counter platform
24 January 2019   28

OKEx announced support for the British pound and Thai baht on its over-the-counter platform.

The press release notes that users from Thailand and the UK can go through KYC verification procedures and start using the OTC platform.

Orders can be placed on the over-the-counter platform OKEx by independently choosing the exchange rate and payment options. Currently, this OTC-platform contains Bitcoin, Ether, Litecoin and Tether cryptocurrencies.

In addition to the pound and baht, the platform supports the Vietnamese dong and the Chinese yuan. This year, OKEx promises to expand the list of supported fiat currencies and serviced regions.

Earlier, OKEx launched termless Bitcoin swaps, and then similar tools for Ethereum, Bitcoin Cash, Ethereum Classic and Litecoin.