Major exchange saw $116 million in outflows in Ethereum, Bitcoin and USDT

KuCoin, one of the leading cryptocurrency exchanges, recently published its latest asset reserve certificate dated September 29. The report shows a notable decline in user assets in Bitcoin, Ethereum, and Tether. Specifically, BTC assets fell 4% to 17,617.5, ETH assets decreased 3% to 148,125, and USDT assets fell 4% to 837 million, compared to the previous month’s data.

According to DefiLlama, KuCoin has seen a net outflow of approximately $118 million in the last month. This departure is significant and deserves a closer look at the current market dynamics that could be influencing these moves.

Several factors could be contributing to this trend. First, the broader market has been experiencing a period of uncertainty and volatility, often leading investors to move their assets to havens they perceive as safer.

Second, the regulatory landscape is becoming increasingly complex, with more and more countries tightening their control over cryptocurrency exchanges. This could have caused a loss of confidence among KuCoin users, prompting them to withdraw their assets.

Another possibility is the rise of decentralized finance (DeFi) platforms, which offer lucrative production and participation opportunities. Investors could be reallocating their assets to these platforms in search of higher returns, thereby reducing their holdings on centralized exchanges like KuCoin.

It is also worth considering the impact of competition. With new exchanges and trading platforms entering the market offering lower fees and additional features, users have more options than ever and may be exploring these alternatives.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة