ICYMI: here are two reasons why traders and investors removed 61,000 $BTC from trading platforms Bitcoin BTC
in March. According to the on-chain data provided, traders and investors removed approximately 61,000 BTC from trading platforms to their private wallets or exchanged the cryptocurrency for fiat.One of the main reasons for the increased exchange outflows could be tied to the general drop in trust in centralized and decentralized exchanges.
While the constant danger of becoming a victim of hackers still exists in the space, it may not be the main reason for large funds outflows.Account limitations and overregulation were among the hottest topics in the space as large exchanges started closing certain accounts on their platform. The CEO of the Kraken Exchange, who warned his users about potential regulation coming to cryptocurrency exchanges and urged users to withdraw their funds to private wallets, added more fuel to the fire.
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