- Ethereum investors are increasingly choosing to self-custody their ETH.
- Exchange ETH holdings have low numbers not seen since genesis.
- ETH is down 7.2% in the past week.
Centralized crypto exchanges are one of the most popular places to trade and hold digital assets. However, the FTX blowup last year spurred an exodus from centralized exchanges to self-custody.
The migration to self-custody has been so strong that ETH held on exchanges has reached low levels that haven’t been since genesis.
ETH Holdings on Exchanges Hit All-Time Low
ETH is one of the most popular crypto assets in the industry. The second largest cryptocurrency has a $214 billion market cap and has recently entered a deflationary period.
ETH is also an asset that investors value and choose to self-custody instead of holding it on centralized exchanges. In fact, according to data from Santiment, ETH held on centralized exchanges has…
