Tech

Since the Black Thursday in March, Bitcoin Reserves have dropped

Published

6 years ago

April 13, 2020

With the pandemic of coronavirus threatening the strongest of economies, the Bitcoin is also taking a massive hit. It is more about the uncertainty of the market that’s toppling everyone.

There are many withdrawals in the market. And since March 12, which is known as the black Thursday, Bitmex has seen a 36% withdrawal from its reserves.

Bitmex is not alone; Bitstamp customers have also withdrawn. The questionable state of the market is also not helping with the situation.

Before the Black Thursday, Bitmex was flourishing. However, its reserves had started dwindling since January. And according to itscryptonews.com, Bitmex had more than 306,000 bitcoin held in reserves, but now, after the exchange, it has only 228,000.

It shows that the Bitmex customers removed 36% of the BTC. Also, it means that the firm withdrew the Bitcoin it had in its possession and transferred the funds elsewhere.

Coinbase also has the same story. It had 1 billion BTC in reserves as of January 25. It had a stash of $8.57 billion, but now it has a reserve of $6.92 billion. Along with Coinbase, Huobi is also suffering. It has 9.38% of its BTC reserves removed from the exchange.

Bitfinex also lost its reserve in the last three months of this year. It has lost 29% of its reserve. Along with Bitfinex, Bitstamp Clients also withdrew 72%.

Earlier it held the sixth position, but now it holds the 11th place. Kraken’s Customers also withdrew its reserves. And its reserves have dropped 24% since January 25.

The current situation does not guarantee any improvement. It all depends on when the effects of the virus will wane. And then the market can start growing again.

Tech

Norovex Mobile Trading: The New Edge for Aussie Investors

Published

1 day ago

December 12, 2025

Jonathan Grilli

Australia has always been a nation of savvy traders—whether it’s equities, commodities, or the fast-moving crypto market. With markets increasingly global and the world operating 24/7, Aussie traders are shifting rapidly toward mobile-first trading, where timing and execution matter just as much as strategy.

That’s where Norovex steps in. Designed for traders who need real speed, clean usability, and access to global markets at any hour, Norovex’s mobile platform is gaining traction among Australian investors looking for a modern edge.

Let’s explore why Norovex is becoming a standout choice for traders across Sydney, Melbourne, Perth, Brisbane, and beyond.

A Platform Made for Australia’s Fast-Paced Trading Style

Australian traders don’t just follow markets—they follow multiple markets:

Crypto runs 24/7
US stocks open overnight
Asian markets move early
Forex never sleeps

Norovex’s mobile platform is built precisely for this reality.Whether you’re checking charts over your morning flat white or monitoring crypto swings late at night, the app gives you:

Live pricing
Fast execution
Smooth charts
Full market access
Instant notifications

It’s designed for traders who don’t want to miss an opportunity—no matter what time zone drives it.

Crypto Trading on Mobile: A Strong Match for Australian Traders

Australia has one of the highest crypto adoption rates globally, and Norovex caters directly to that demand.The platform offers:

Bitcoin, Ethereum, and a wide selection of altcoins
Margin trading for amplified opportunities
Real-time volatility alerts
Tight spreads even during peak market moves

For Australian traders who love catching dips during US trading hours or riding weekend altcoin momentum, Norovex’s mobile app provides the kind of speed and fluidity these markets demand.

Trade Global Markets From Anywhere in Australia

Beyond crypto, Norovex gives Aussies access to: