Safex stocks finally reach under 1bn on the Bittrex Exchange


#1

Earlier this morning a large 15m Safex withdrawal took place on the Bittrex Exchange, reaching the milestone of sub 1bn Safex on the exchange.

At the time of writing this - Bittrex now only holds 988,254,156 Safex Coins, which is 46.02% of the supply.

It comes after a long weekend of the Bittrex Wallet being under maintenance on the exchange, stopping any incoming and outgoing transfers.

Do you see this as a good sign? Less coin on the exchange brings greater scarcity, which often brings a stronger price.

Also this is a good opportunity to let you all know about a new Safex Community News website set up over the weekend: https://safexnews.net/safex-coin-stocks-finally-reach-1bn-bittrex-exchange/

(please note SafexNews.net is not an official Safex website, nor is endorsed by the Safex team. It is entirely run and managed by Safex community members).


#2

Positive, great news… And fantastic Safex (news) website!


#3

Well it’s not like the coins in Safex wallet can’t go back on the exchange, but I see where you’re getting at.

There is more friction for trading when it’s stored in the wallet (just a hassle sometimes, especially due to BTC’s slow blockchain confirmation time & the high fees).


#4

And away they go. 985mil as of now. Of course might still go up once again.