The attitude of US regulators against Bitcoin (BTC) and crypto money has caused the reserves of US-based cryptocurrency exchanges to stretch to the lowest level in the last 6 years.
According to a research report published by on-chain analytics platform CryptoQuant, US-based cryptocurrency exchanges Bitcoin reserves from January 2017 since lowest level regressing total of cryptocurrencies bitcoin of reserves 46% of created.
According to the data US-based stock markets held Bitcoin reserves and US-based investment firm Grayscale’s GBTC against the backdrop guarantee The sum of the Bitcoin reserves found in to 46% fell.
Against this Binance, Huobi Global, OKX And Bybit such as international stock markets and Bitstamp, Bithumb And chorbite on exchanges that qualify as U.S. ally, such as your reserves if the share to 54% rose.
According to the information given Spot Bitcoin in the USA trading volume is the trade volume found on all exchanges to 21% regressing in futures markets if almost none It does not appear to have volume.
The following statements were used in the report on the subject:
US-based cryptocurrency exchanges have been dethroned by global exchanges for the amount of Bitcoin they keep for their customers.
Ethereum reserves are also falling
Also in the report US-based stock markets found Ethereum reserves as well drop has been demonstrated. Currently, the total amount held on US-based cryptocurrency exchanges 44% of Ethereum noted that it was created.
Platform, US government And of regulators crypto companies complicates its activities. when specifying of the US Securities and Exchange Commission (SEC)rules on cryptocurrency exchanges that you are not clear underlined. In this context, the platform monitors the activities of some exchanges. decision to stop while some exchanges moved out of the USA expressed.
Last week, the SEC coinbase And to Binance on various charges Hong Kong while filing a lawsuit and other jurisdictions some actors crypto companies invited them to operate in their own countries.