Bitcoin sees historical decline on stock exchanges, here is what it means

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Von: Krypto News Österreich

The fall of the 32-billion dollar cryptoimpperium by Sam Bankman-Fried has made the importance of self-storage for users clear. In fact, investors have already jumped on the trend of keeping their assets themselves instead of entrusting their hard -earned money to a third -party platform.

according to the latest

📉 The overall offer to #bitcoin on stock exchanges last year fell from 11.85 % to 6.65 %, a historical decline that illustrates the increased interest in self-custody. #binanz , #coinbase , #Krake , #KUCOIN and #BiSTAMP All reflect this $ BTC Exodus. https://t.co/4gsjs29fok 18. January 2023

  • The exodus of the flagship crypto asset was observed on the six leading platforms, including Binance, Coinbase, Kraken, Kucoin and Bitstamp.
  • octopus was hit the most because it recorded a decline in the BTC property by 59 %, followed by Coinbase with 33 %, Bitfinex and Kucoin with 32 %, binance with 25 %and finally Bitstamp with 23 %.
  • This trend essentially marks a historical decline in the entire BTC offer, which shows the increasing interest in self-custody.
  • Basically, the less Bitcoin on stock exchanges, the more investors see it a long -term investment. As expected, this also means that the direct sales pressure is lower.
  • At the beginning of this year, the Bitcoin Core developer such as Dashjr lost millions in an exploit after attackers were supposedly succeeded in accessing his PGP key, which increased the risks related to self-storage.
  • Adam Back, who happens to be one of the first participants in Bitcoin, believes that dashjr has been attacked via his home network and its machines were compromised.
  • Nevertheless, self -administration carries its own risks. But investors who flock to these products have led to centralized stock exchanges.
  • For this reason, Binance recently announced a new function - Mirror - based on Binance Custody, which enables institutional actors to invest and act with Cold Custody.
  • actually invested Binance Venture, the risk capital arm of the stock exchange led by CZ, also in the Belgian hardware wallet company NGrave.

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