Ethereum Supply on Exchanges Hits Multi-Year Low
Listen to the story
Ethereum is a popular cryptocurrency. It is a type of digital money. People can buy and sell it online.
New numbers show something interesting. The amount of Ethereum on exchanges is very low. This is the lowest level in three months on Binance. Binance is a big exchange for crypto.
Why is this happening? More people are putting their Ethereum into staking. Staking means you lock your coins to help the network. You can earn rewards for this.
Also, more money is going into Ethereum ETFs. An ETF is a fund that lets people invest in Ethereum easily. They do not need to buy the coin themselves.
When less Ethereum is on exchanges, it is harder to buy fast. Some experts think this could push the price up.
Right now, people are watching the price closely. Many want to know if Ethereum can reach $2,500 again.
Vocabulary4 words
- cryptocurrency
- digital money used online
- exchanges
- websites where people buy and sell crypto
- staking
- locking coins to help a network and earn rewards
- ETFs
- funds that let people invest without buying the coin directly
Quiz
Answer key
1. They have hit a low level 2. Locking coins to help a network and earn rewards 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Ethereum is a popular _____. It is a type of digital money.
The amount of Ethereum on _____ is very low.
This is the lowest level in three months on _____.
More people are putting their Ethereum into _____.
Staking means you lock your coins to help the _____.
More money is going into Ethereum _____.
An ETF is a _____ that lets people invest in Ethereum easily.
When less Ethereum is on exchanges, it is harder to buy _____.
Some experts think this could push the _____ up.
Many want to know if Ethereum can reach _____ again.