UK-based cryptocurrency exchange Coinfloor published their June 2017 / 39th monthly Provable Solvency Report today.
The report shows that as of June 29th, Coinfloor holds a total of 7,509.3716 XBT in custodian on behalf of clients, this is an 11.3% increase of 759.9997 from the 6,749.3719 XBT reported for May.
Coinfloor clients in previous months appeared to be taking advantage of higher prices close to $3,000 USD to move BTC off the exchange. June’s retreat from those all-time prices and ensuing consolidation allowed buyers to accumulate more coins at specific support levels with less incentive to swap while the price hovered around $2,500 for most of the month.
With the amount of bitcoin held in custodian higher from previous months and the consolidation in bitcoin price, Coinfloor’s USD value of BTC held is near $1.9 million more than May’s total at today’s exchange rates, an 11.6% increase in USD value.
Month-over-month change in XBT held increased 759.9997 (+11.3% )
6,749.3719 XBT (bitcoin) equals $16,400,906.22 US dollars – Total for May
7,454.8454 XBT (bitcoin) equals $18,300,413.68 US dollars – Total for June
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Month-over-month USD value increased $1,899,507.46 (+11.6%)
