Exchanges experienced larger withdrawals than Bitfinex

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Garry Kabankin
Apr 28, 2019

Bitfinex FUD made many users to withdraw their funds.

But had exchanges seen a larger exodus?

Let's have a look at Santiment on-chain data and compare withdrawal flows from different exchanges within a year.

Bitfinex: ×3 above average withdrawals after USDT dropped to 0.86; ×3.7 after NY lawsuit
Binance: ×2.5 on Celer IEO
Bittrex: ×1.9 on Veriblock IEO ×3.4 on ETC 51% attack; ×3.5 on December 19, reason unclear
HitBTC: ×6.2 upon stop servicing Japanese residents
Summing up: largest withdrawals spikes multipliers above average
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Garry Kabankin
Apr 28, 2019

Thanks for reading!

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