For more than 50 days or since Nov. 5, 2022, bitcoin, ethereum, and stablecoin owners removed roughly $19.19 billion in crypto assets from centralized exchanges. Between Nov. 5 to Dec. 26, roughly 356,848 bitcoin and 4.48 million ether were withdrawn from a myriad of crypto trading platforms worldwide.
In addition to BTC and ETH a large sum of stablecoins was withdrawn from exchanges as well over the last 51 days. Just days before FTX collapsed there was $35.20 billion in stablecoins like USDC and USDT held on trading platforms.
Since then, however, $7.669 billion worth of stablecoin assets has been removed.
(By Jamie Redman)
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