Exchange Wallet Monitoring Report

Chinese wallet monitoring service JinGuoZi has issued an exchange wallet monitoring report for the first 15 days of March. They have been monitoring all USDT transactions to the wallets of some exchanges: Bitfinex, OKEx, ZB, Bittrex, Kucoin, Gate, Mxc, Bibox, Biki, Coinex, Binance, Huobi.

Huobi ranked first by the amount of USDT deposited, with striking $1.5B USDT in deposits. Binance and OKEx ranked second and third.

Only 5 exchanges had a positive net deposit amount, these are Huobi, Binance, OKEx, Bitfinex, and Gate.

A total of 284k people have made deposits and withdrawals on Huobi. This is more than the sum of all the remaining exchanges.

Binance had the highest average deposit amount, reaching almost $27k. Okex and Huobi both entered the top three, with their average deposit surpassing $20k. Such a high average deposit level is probably related to the recent market crash during which a lot of big players were active.

Source: translation of JinGuoZi report sent to the CryptoDiffer team by our follower

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