• December 5, 2023


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Glassnode: More Than 220K Bitcoins Are Withdrawn From Trading Floors in 10 Days

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Investors continue to withdraw Bitcoins from cryptocurrency exchanges following the collapse of FTX.

According to experts from CoinGlass, traders have withdrawn about 26,000 BTC from exchanges in the last 24 hours alone. Over the past ten days, the outflow of cryptocurrency has exceeded 220,000 coins.

Investors are afraid to store Bitcoins on trading floors and prefer to withdraw them to over-the-counter storage as FTX, one of the biggest players in the industry, has shown it is not safe to keep assets in such platforms.

After Gemini and Genesis also suspended the withdrawal of funds, traders became even more anxious.