The post Regulatory Crackdown Impact: Bitcoin and Ether Reserves Dip Below 50% on US Exchanges appeared first on Coinpedia Fintech News
Reserves of Bitcoin and Ether on cryptocurrency exchanges based in the United States have recently dropped below the 50% mark, coinciding with an ongoing regulatory crackdown in the country.
According to a research report from CryptoQuant shared with The Block, U.S.-based crypto exchanges have experienced a decline in their Bitcoin reserves, reaching the lowest level since January 2017. The report also highlighted that offshore or international exchanges have surpassed U.S.-based exchanges in terms of the amount of Bitcoin they hold on behalf of their customers.
Crypto reserves typically facilitate trading activities and serve as a measure of liquidity. A decrease in crypto reserves may indicate that users are withdrawing their assets from exchanges, potentially due to concerns about security or holding their funds in private wallets.
Crypto Crackdown
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