As soon as the exchange resumed its work, CZ has announced the nullification of ERC20 held on the exchange's hot and cold purses.
For the last 24 hours, the altcoin has increased to 20% and to 55% since the beginning of the week. It exceeded the rest of the top-10 altcoins in regard to the pace of growth on April 16.
Ledger CEO Pascal Gauthier told that the hardware purses enjoyed the unprecedented popularity among the clients of the affected exchange in the wake of the hack. He also noted that if the market goes on growing, the company will attract additional investment in order to match the security concerns.
The research by Chainalysis has shown that 1/3 of all Ether are in possession of 376 addresses which hold the assets on their purses. A large transaction from such a purse affects the volatility of the coin.
The sum of the means in possession of Coinbase Custody has reached $1 billion, according to Coinbase CEO Brian Armstrong.
United States crypto exchange and wallet service Coinbase has expanded USD Coin (USDC) trading to customers in 85 countries, the firm announced in a blog post on May 14.