Bitcoin Holders Move Away from Centralized Exchanges as Market Matures

In a sign that the cryptocurrency market is maturing, the number of Bitcoin stored on centralized exchanges has fallen to a low not seen in over five years. According to CryptoQuant, an analytics firm focused on on-chain data, the amount of Bitcoin held in centralized exchanges dropped by 5% this month to 2 million BTC, worth approximately $54.5 billion. A myriad of factors are contributing to this downward trend, which offers both pros and cons for the industry. Newer services like Coppers ClearLoop are gaining traction for their ability to facilitate trades without the need to park funds...

source: https://tokenpost.com/Bitcoin-Holders-Move-Away-from-Centralized-Exchanges-as-Market-Matures-10604

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