According to the analytical platform, users withdrew 20,660 more bitcoins from exchanges than deposited. This is a record outflow per day in 2020.
Coinbase suffered the most as it lost 20,787 BTC (more than $190 million at the time of writing), which exceeds the average for all exchanges. Other platforms showed a slight increase in the number of deposits.
At the same time, Coinbase had more deposits than withdrawals.
However, on average, the outflow amount was higher than the amount of funds deposited by users. It is assumed that a bitcoin whale could trigger such a big outflow of funds.
iHodl previously reported that Coinbase is planning for a stock market listing that could come as early as this year or early next year since the plans are still subject to change.
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