Bitcoin: Exchange ReserveThe total number of coins held in the exchange. Bitcoin: Exchange FlowsA money flow of Bitcoin transferred to and from exchange wallets to. Track daily Bitcoin overview, on-chain data analytics, price. This represents a -1. Customize what you see with our dashboard.Bitcoin: Summary, on-chain. “If customers previously lent to Gemini 10%, who then lent out to this lending desk conglomerate, who then lent out to degen trading firms, it’s just tough to be rest assured. The price of Quant (QNT) is 101.68 today with a 24-hour trading volume of 14,027,597. “The $900 million hole exists because they trusted DCG to begin with, and I think the markets are sort of realizing that and reacting accordingly,” Teng said. Walter Teng, vice president of digital asset strategy at Fundstrat Global Advisors, said the inability for users to withdraw from Gemini’s Earn program has “negatively” affected people’s perception about Gemini. You can also exchange one Quant for 0. Not only has the matter erupted into a feud on Twitter between Cameron Winklevoss and Barry Silbert, the DCG CEO, but the failed business arrangement also has now prompted a lawsuit by the U.S. What is the value of Quant One Quant (QNT) is currently worth 101.58 on major cryptocurrency exchanges. Gemini, in turn, transferred the deposits to Genesis, which promised to invest those deposits for interest.īut when Genesis fell on financial difficulties it halted withdrawals, forcing Gemini to impose the halt on its own clients. Under the terms of Earn, customers would earn yield on their deposits. Gemini executives have blamed the withdrawal halt at the Earn program on a separate withdrawal halt at the crypto trading and lending firm Genesis, a unit of the blockchain conglomerate Digital Currency Group (which also owns CoinDesk). Kraken and Coinbase BTC inflows have grown 42.5% and 30.5, respectively, this month, according to CryptoQuant. In 2023, Kraken’s incoming BTC transfers have oscillated between roughly 700 BTC and 1,030 BTC, while Coinbase’s have ranged from roughly 2,800 BTC to 3,700 BTC. The overall industry has been hit hard in this bleak crypto winter, and yet other crypto exchanges have not seen such a dramatic fall in their BTC inflows as Gemini.įor example, Kraken’s and Coinbase’s current 30-day SMAs for their BTC inflows are not close to their six-year low. “Declining BTC inflows from other exchanges to any particular exchange could suggest investors/traders see that particular exchange as less desirable to have their coins on,” said CryptoQuant in a report on Jan. On-chain data sourced from CryptoQuant shows that the 30-day simple moving average (SMA) of BTC inflows to Gemini has ranged between roughly 100 BTC and 200 BTC in so far in 2023, down from roughly 1,100 BTC to 2,300 BTC about six months ago. Bitcoin holders might not be making the distinction that the yield-focused Earn program is separate from the exchange.
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