Kraken Faces Largest Outflow of Bitcoins Since FTX Collapse
The collapse of crypto exchange FTX in November and the departure of Sam Bankman-Fried from the post of CEO of the company provoked turbulence in November and Bitcoin fell to a two-year low.
At the same time, the trend for the outflow of cryptos from trading floors has intensified. Most investors have switched to the so-called cold storage of BTC, which has provoked a surge in sales of hardware wallets.
According to the experts of analytical firm Santiment, the largest outflow was observed on Kraken, as the volume of crypto on this platform has decreased by 59%.
A similar trend was also observed on Coinbase, Bitfinex, KuCoin, Binance and Bitstamp.
According to the experts, the volume of digital currency on trading floors has decreased from 11.85% to 6.65% over the past year.
