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Ethereum

On Exchanges, Only 11% of Ethereum In Circulation Is Held

March 22, 2022 - Around 1 mins mins to read

The amount of Ethereum (ETH) on cryptocurrency exchanges has plunged to levels not seen since September 2018, as the cryptocurrency continues its seven-day climb and reaches the $3,000 barrier.

Ethereum In Circulation Is Held
On Exchanges, Only 11% of Ethereum In Circulation Is Held

According to a figure provided on March 21 by the crypto market analytics platform CryptoRank, just 13.55 million ETH, or roughly 11.3 percent of the 120 million ETH in circulation, is now held on controlled exchanges.

At the time of publication, the total quantity of ETH in exchange wallets was 13,556,367. Coinbase has the most ETH (5.99 million, or 44.23 percent), while Binance has the second-most (2.39 million, or 17.69 percent).

The Ethereum balance in smart contracts is reversed

Ethereum In Circulation Is Held
On Exchanges, Only 11% of Ethereum In Circulation Is Held

Meanwhile, as the value of ETH on exchanges declines, the supply of smart contracts increases, as evidenced by a chart released on March 21 by the co-founders of the on-chain analytics platform Glassnode.

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Annie

CoinCu News

# Cryptocurrencies

crypto

CryptoRank

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Ethereum

On Exchanges, Only 11% of Ethereum In Circulation Is Held

The amount of Ethereum (ETH) on cryptocurrency exchanges has plunged to levels not seen since September 2018, as the cryptocurrency continues its seven-day climb and reaches the $3,000 barrier.

Ethereum In Circulation Is Held
On Exchanges, Only 11% of Ethereum In Circulation Is Held

According to a figure provided on March 21 by the crypto market analytics platform CryptoRank, just 13.55 million ETH, or roughly 11.3 percent of the 120 million ETH in circulation, is now held on controlled exchanges.

At the time of publication, the total quantity of ETH in exchange wallets was 13,556,367. Coinbase has the most ETH (5.99 million, or 44.23 percent), while Binance has the second-most (2.39 million, or 17.69 percent).

The Ethereum balance in smart contracts is reversed

Ethereum In Circulation Is Held
On Exchanges, Only 11% of Ethereum In Circulation Is Held

Meanwhile, as the value of ETH on exchanges declines, the supply of smart contracts increases, as evidenced by a chart released on March 21 by the co-founders of the on-chain analytics platform Glassnode.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News

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