Bitcoin investors demand greater control with surge in self-custody withdrawals as significant BTC volume leaves markets.
Quick Take
- Self-custody of Bitcoin has continued to grow rapidly in the past week due to concerns in the banking sector.
- Being able to control your Bitcoin is one of its advantages, as opposed to being at the whim of a bank — where you have no control of their lending capabilities.
- Yesterday 15.03 saw one of the biggest % changes in self-custody in the past six months — while roughly 70,000 BTC have been withdrawn into self-custody since the collapse of SVB on Friday.
Source: cryptoslate.com
Featured image from: reddit.com