The Capital
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The Capital

Ether supply on exchanges drops rapidly as investors swap Bitcoin for Ethereum

According to an analysis by on-chain analytics provider Glassnode, the amount of Ethereum (ETH) on exchanges has fallen to its lowest level in nearly two years.

Glassnode estimates that only 13.3 million Ether are currently held on centralized exchanges. This would mark the lowest level since June 2019. This would leave centralized platforms holding ETH worth about $52.4 billion, or 11.5% of the Ethereum supply.

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TheLuWizz

TheLuWizz

Talk about crypto stuff, personal development, entrepreneurship, travel experiences, and things that inspire me! No financial advice!