Ethereum Stablecoins on Exchanges Hit 12-Month Low
Ethereum stablecoin reserves on exchanges have dropped to a 12-month low, standing 51% below their previous levels outside of Binance, according to CryptoQuant.
Ethereum stablecoin reserves held on cryptocurrency exchanges have declined to a 12-month low, according to data from CryptoQuant. The drop reflects changing liquidity dynamics across major trading platforms.
Exchange Balances
Instant Telegram notifications for large on-chain moves.
Data published by CryptoQuant indicates that outside of Binance, stablecoin reserves on exchanges are currently 51 percent below their previous metrics. The contraction points to a significant shift in available capital residing on centralized trading venues for the network.
Key facts
- Ethereum stablecoins on exchanges reached a 12-month low according to CryptoQuant.
- Reserves outside of Binance are recorded at 51 percent below previous levels.
Source: news.google.com
This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.
