Tech

Stablecoin withdrawals from exchanges reach $800M on Jan. 30

01/31/2023
Bitcoin Ethereum News

Quick Take

  • Roughly 10,000 BTC  was sent to exchange addresses on Jan. 30
  • The fifth biggest inflow in the past three months, equivalent to around $230 million
  • In addition to roughly $800 million of stablecoins leaving exchanges
  • Almost half of this amount ($300 million) is BUSD being withdrawn from exchanges.
  • Stablecoin balance on exchanges is now sitting at $35.6 billion
Inflow Total: (Source: Glassnode)
Stablecoin balance on exchange: (Source: Glassnode)
Stablecoin balance on exchange: (Source: Glassnode)
BUSD balance on exchange: (Source: Glassnode)
BUSD balance on exchange: (Source: Glassnode)

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Source: https://cryptoslate.com/insights/stablecoins-withdrawals-from-exchanges-reach-800m-on-jan-30/