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Crypto Exchanges See Bitcoin Reserves Drop by 70%

  • April 16, 2020

After the market crash on March 12, known as “Black Thursday”, about 36% of all reserves in BTC were withdrawn from Bitmex exchange.

Panic gripped the cryptocurrency market and industry leaders experienced a major outflow on their personal reserves:

Huobi lost 9,38%
Kraken missed out on 24%
Bitfinex lost 29%
Bitstamp reserve is down on 72%

The chart above shows amount of BTC that is in the reserves of the spot cryptocurrency exchanges to date.

Data source:
https://cryptorank.io/exchanges
https://chain.info/exchanges


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Tags: BitcoinBitfinexBitstamphuobiKraken
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