In addition, data obtained from Chainalysis, a leading crypto data analytic firm, revealed that the four biggest crypto exchanges since 2018 – Coinbase, Binance, Huobi, and Bitfinex received about 40% of all BTCs via exchanges this year.
Quick facts about crypto exchanges; Crypto exchange facilitates the exchange of one crypto asset or digital coin to another, in crypto terms enable the buying and selling of cryptocurrencies, and also the exchange of fiat currencies (USD, GBP, YEN)into crypto-currencies.
Trusted brands in the crypto exchange business include Gemini, Binance, Coinbase, FTX, Bitstamp, and Liquid
“Retail traders, whom we categorize as those who deposit less than $10,000 USD worth of Bitcoin on exchanges at a time, appear to be the large majority, accounting for 96% of all transfers sent to exchanges on an average weekly basis.
“Professional traders, however, control the liquidity of the market, accounting for 85% of all the USD value of Bitcoin value sent to exchanges,” the report said.
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