The share of bitcoins on exchange wallets reached 10%
According to analyst firm Glassnode, cryptocurrency exchanges control more than 10% of BTC's total market supply.
Glassnode researcher Charles Edwards notes that while market participants tirelessly insist on exponential growth, the degree of centralization of digital gold is growing sharply. Over the past three years, the number of coins at the disposal of exchanges has grown by 700%.
“Just a few months ago, TokenAnalyst estimated the share of bitcoins on trading floors at ~ 6.7%. Now, according to Glassnode, this figure exceeds 10%, ”said the expert.
According to U.today, only the American company Coinbase, after acquiring the Xapo service, began to control about 5% of the total offer of the first cryptocurrency.
Popular altcoins also have a centralization problem. For example, 154 addresses control 40% of the Ethereum offer, 128 addresses store 47% of Litecoin coins.
At 39 addresses, 11.1% of the total bitcoin market supply is concentrated. 140 addresses control 58% of the Tether stablecoin and, most likely, these are mainly exchanges.
Congratulations @dennissimo! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!