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Fewer People Are Sending Bitcoin to Largest Crypto Exchanges

  • Power users are dominating trading, TokenAnalyst data show
  • Binance, Bitfinex are offering more services to boost revenue
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Bitcoin Weakens, But Still Strongest Among Crypto Assets, Says Galaxy Founder Novogratz

The notion that more people are trading cryptocurrencies? Well, it just may be wrong.

Fewer people have been sending Bitcoin to major exchanges in recent months, according to crypto data tracker TokenAnalyst. After peaking in 2017, the number of unique addresses sending the world’s most-popular cryptocurrency to exchanges such as Binance and Bitfinex has been declining, it found.