Most of investors prefer to hold their Ethereum on their wallets hoping for its future growth.
As Ethereum continue its seven-day rise and surpass the $3,000 mark, the amount of ETH on cryptocurrency exchanges has dropped to levels not seen since September 2018.
According to Crypto Rank inly 13.55 million or about 11.3% of the 120 million ETH in circulating supply is currently kept on centralized exchanges.
The total amount of ETH on exchange wallets is 13,556,367. The largest amount – 5.99 million ETH (44.23%) is on Coinbase, while Binance holds second place with 2.39 million (17.69%), respectively.