Crypto Exchanges' Wallets Balances to Dimish

On average, users have withdraw about 6% in last 3 months
10 January 2019   1308

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.

DEAPCOIN IEO to be Held at OKEx on 8.04

The project is planning to raise $2M a the price of 1 DEP on IEO will be $ 0.0025
25 March 2020   969

OKEx Exchange announced Wednesday the 11th initial exchange offering (IEO). It will be conducted by the DEAPCOIN Project (DEP) and will be held on April 8th.

As in previous OKEx campaigns, the selection of participants and the selection of the allocation coefficient will be carried out according to two criteria: the average daily balance of OKB and the trading volume on the exchange. For each of the groups, allocation of 400 million DEP tokens is allocated.

The price of 1 DEP on IEO will be $ 0.0025. Thus, the project intends to attract up to $ 2 million from OKEx users. Trading in USDT and USDK pairs will start on the same day.

The DEP token was released by DEAPCOIN to shape the economy around the PlayMining entertainment platform they are developing, where users can earn cryptocurrency during games. DEP is presented as an ERC-20 standard token, while game items on the blockchain will use the ERC-721 standard.

Despite the generally negative dynamics of the IEO space recently, the token of the previous placement of the OKEx platform - HyperDAO - that passed at the end of February is currently trading almost 3 times higher than the initial selling price.