Huobi's dramatic decline to binance's significant hold: how the pandemic influenced bitcoin storage on exchanges
Examining exchanges that hold less than 20,000 Bitcoin reveals a list of seven prominent platforms. Notably, Huobi, once boasting 410,000 Bitcoin on its exchange, now retains a comparatively meager 18,258.
This decline reflects a broader trend observed across several exchanges – a depletion of stored Bitcoin.
Despite this general downward trajectory, exceptions exist, such as Binance, which holds an impressive 652,000 Bitcoin. This staggering figure constitutes over 3.2% of the total Bitcoin supply, emphasizing Binance's dominant position in the cryptocurrency exchange landscape.
