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Bitstamp’s Cryptocurrency Activity Up Over the Month

Bitstamp’s Cryptocurrency Activity Up Over the Month
Most of the centralized bitcoin and cryptocurrency exchanges saw a decline in activity during the last 30 days, according to TokenAnalyst data . Bitstamp is the only exchange to experience increased flow. 

Bitstamp is Amongst Best Performers in Terms of Net Flow
Major crypto exchanges like Binance and Bitfinex saw their inflows and outflows dropping over the month, suggesting a decrease in activity. On the other side, Bitstamp noted an increase in the outflow of bitcoin. Elsewhere, OKEx recorded an increase in inflow and outflow of USDT.
Interestingly, the bitcoin trading volume as displayed by Coinmarketcap has also decreased during the same period.
The Bitstamp’s increased activity might point to the so-called whales. Yesterday, Twitter user Whale Alert reported that 1,002 bitcoins worth about $10.3 million were transferred from Bitstamp to an unknown wallet.


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