As per Coinomedia, Ethereum (ETH) has become scarcer than Bitcoin (BTC) on centralized exchanges for the first time, with available ETH reserves dropping below BTC. This shift is attributed to increased staking, Ethereum 2.0 upgrades, and ETH burns via EIP-1559, indicating stronger long-term investor confidence and reduced trading activity.
Ethereum Now Scarcer Than Bitcoin on Exchanges
CoinomediaShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.