According to the latest data published by the “glassnode” platform, which specializes in tracking crypto and blockchain market data, three cryptocurrency exchanges control about 14.3% of the supply of bitcoin currently in circulation in the wallets of central exchanges.

For these three platforms that control 14.3% of the volume of Bitcoin in circulation, they are as follows:

• Coinbase is trading 954 thousand bitcoins.
• Huobi platform trades 364 thousand bitcoins.
• Binance platform trades 267 thousand bitcoins.

14.3% of trading # bitcoin Offer (2.6 million BTC dollars) is currently in the central exchange wallets.

The largest holders are Coinbase (954 thousand), Huobi (364 thousand) and Binance (267 thousand).

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– glassnode (glassnode) June 26, 2020

Additionally, data obtained from Chainalysis, a leading crypto data analytics company, revealed that since 2018, the four largest crypto exchanges: Coinbase, Binance, Huobi, and Bitfinex received about 40% of all bitcoin in existence. across various trading platforms this year.

As a reminder, cryptocurrency exchange platforms facilitate the process of exchanging digital currencies against other cryptocurrencies or the possibility of converting and trading them against another paper currency such as the dollar, the euro, the pound sterling…

There are many trading platforms, some of which have gained a good reputation among traders such as Binance, Coinbase, Gemini, FTX and Bitstamp…

The next 10 exchanges collected 36% of the volume of Bitcoin traded, while the smaller exchanges accounted for 24% of the volume of Bitcoin traded.

and in a report Another detail was that about 96% of the small traders made most of the transactions in the bitcoin market, while the big traders controlled the transaction volume.

As excerpts from the report are the following:

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Retail traders, which we categorize as those who deposit less than $10,000 of bitcoin in exchanges at any one time, appear to be the vast majority, accounting for 96% of all transfers sent to exchanges on a weekly basis on average.

While professional traders, who control the market liquidity, account for 85% of all transaction value sent to the trading platforms.

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Do you want to trade in bitcoin and cryptocurrency? Don’t forget to manage risk