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Roughly 11,000 entities represent 55% of Bitcoin’s on-chain volume -Breaking

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© Reuters.

Researchers have found that roughly 11,000 entities are responsible for more than half of Bitcoin’s on-chain volume.

According to a StudyThe National Bureau of Economic Research, (NBER), published 110443 on-chain entities on October 21, which represents 55% of total volume on this network. Three-quarters (75%) of all on-chain volume was attributed to cryptocurrency trading platforms.