Cryptocurrency | TokenAnalyst, 6.7% of Bitcoin Supply Owned by the Exchange


The cryptocurrency transfer market is estimated to be one of the largest bitcoin storage places and continues to increase its inventory, currently reaching 6.70% of the total supply of bitcoin depending on the crypto exchange wallet and has increased since last year.

Exchanging crypto is one of the most proven and centralized entities in cryptocurrency. They provide liquidity, loans, and place playing fields for the entire supported crypto market.

Because of its central role, the crypto exchange is also the largest holder of Bitcoin in the entire world, and their ownership percentage continues to grow.

According to the data provider site, TokenAnalyst, which posted on its Twitter account (@thetokenistanalyst), the expanding crypto exchange is the largest HOLDers in the entire cryptocurrency market. About 6.7% of the total BTC supply purchased by the stock exchange. That is equivalent to $ 9.8 billion Bitcoin


Huobi, Binance, and Bitfinex won the package by increasing them at an accelerated rate. This is one of the best in BTC.

It should be read, the graphics posted by TokenAnalyst do not require Gemini and Coinbase transfer exchanges which have large cloud storage for all types of crypto they support.

The graph above raises the question of whether the stock exchange holds a lot of BTC is a good thing, and will there be market manipulation or monopoly?

The answer could be yes, except for now the crypto stock exchange is storing their assets held by ColdWallet so it makes the crypto exchange safer.

To answer the second question, mapping the market is currently underway and since almost all crypto is not available, there is a possibility.

In conclusion, the Exchange holds a large number of BTC who oppose the need, but most importantly they have a good system to prevent catastrophic attacks.

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Cryptocurrency | TokenAnalyst, 6.7% of Bitcoin Supply Owned by the Exchange Cryptocurrency | TokenAnalyst, 6.7% of Bitcoin Supply Owned by the Exchange Reviewed by sheffter on October 13, 2019 Rating: 5

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