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> Most bitcoin investors never move their coins off the exchange I'm curious: What is your source for this statistic? For comparison: There were about 40M non

> Most bitcoin investors never move their coins off the exchange I'm curious: What is your source for this statistic? For comparison: There were about 40M non-zero addresses earlier this year. See eg https://news.bitcoin.com/number-of-addresses-holding-btc-taps-40-million-non-zero-bitcoin-address-metric-grew-92-since-2018/ https://news.bitcoin.com/number-of-addresses-holding-btc-tap... [The current number is on Glassnode: https://studio.glassnode.com/metrics?%3Bm=blockchain.UtxoLossCount&%3Bs=1509303349&%3Bu=1576540800&%3Bzoom=&a=BTC&category=Addresses&m=addresses.NonZeroCount https://studio.glassnode.com/metrics?%3Bm=blockchain.UtxoLos...] FTX is one of the larger exchanges, and FTX bankruptcy headlines say they "may have 1 million creditors". See eg reuters.com/technology/ftx-officials-contact-with-us-regulators-filing-2022-11-15/ Edit: I'm trying to figure out if someone has actual stats or whether the statement is just intuitively guessing. There are so many bitcoin stats out there, it's hard to keep track of it all.

iamthirsty 4y ago
> There were about 40M non-zero addresses earlier this year. An exchange, when depositing or withdrawing to a user or another exchange, uses a ton of address, sometimes leaving behind very small amounts. Same with users. I'm sure 75% of non-zero address have very, very little BTC in them.
- yownie 4y ago
  Exchanges batch transactions specifically to avoid tons of transactions using ton's of addresses is perfectly fine however the address space is very very large.
three_seagrass 4y ago
>> Most bitcoin investors never move their coins off the exchange >I'm curious: What is your source for this statistic? They have no reason to. Unless the investor is specifically working on some HFT arbitrage scheme between exchanges, then they don't even need to move crypto out of the exchange. Also given the complexity of rolling your own wallet, it's just a risk that's not worth it when KYC exchanges are relatively stable.

iamthirsty 4y ago

> There were about 40M non-zero addresses earlier this year. An exchange, when depositing or withdrawing to a user or another exchange, uses a ton of address, sometimes leaving behind very small amounts. Same with users. I'm sure 75% of non-zero address have very, very little BTC in them.

yownie 4y ago
Exchanges batch transactions specifically to avoid tons of transactions using ton's of addresses is perfectly fine however the address space is very very large.

three_seagrass 4y ago

>> Most bitcoin investors never move their coins off the exchange >I'm curious: What is your source for this statistic? They have no reason to. Unless the investor is specifically working on some HFT arbitrage scheme between exchanges, then they don't even need to move crypto out of the exchange. Also given the complexity of rolling your own wallet, it's just a risk that's not worth it when KYC exchanges are relatively stable.