Stablecoin withdrawals from exchanges reach $800M on Jan. 30

Tag : CryptoSlate

Quick Take

  • Roughly 10,000 BTC  was sent to exchange addresses on Jan. 30
  • The fifth biggest inflow in the past three months, equivalent to around $230 million
  • In addition to roughly $800 million of stablecoins leaving exchanges
  • Almost half of this amount ($300 million) is BUSD being withdrawn from exchanges.
  • Stablecoin balance on exchanges is now sitting at $35.6 billion
Inflow Total: (Source: Glassnode)
Stablecoin balance on exchange: (Source: Glassnode)
Stablecoin balance on exchange: (Source: Glassnode)
BUSD balance on exchange: (Source: Glassnode)
BUSD balance on exchange: (Source: Glassnode)

The post Stablecoin withdrawals from exchanges reach $800M on Jan. 30 appeared first on CryptoSlate.

I detected you have an ad blocker installed in your browser. Advertising is a way of earning a small compensation for the work I put in to create this site. If you like my site and appreciate my efforts to create an informative site, would you consider buying me a coffee? I would greatly appreciate it :-)
Your Diving Board Into The Vast Pool Cryptocurrencies Have Become by Johan Vranckx