13 Crypto Exchanges Custody 7% of the Crypto Financial system, Coinbase Dominates With $56.2B AUM – Exchanges Bitcoin Information

As 2022 begins, 13 totally different cryptocurrency alternate platforms have greater than a billion {dollars} every in digital currencies held in reserves. Between all 13 buying and selling platforms, the group of alternate platforms maintain a whopping $165.25 billion price of bitcoin, ethereum, and tether.

13 Crypto Exchanges Maintain a Billion or Extra in Crypto Equalling Over $165 Billion in Property Beneath Administration

On the time of writing, the crypto economic system is price $2.3 trillion and seven.10% of the mixture or $168 billion is made up of stablecoins. Moreover, statistics on January 2, 2022, point out that 13 crypto-asset buying and selling platforms maintain a billion {dollars} or extra in cryptocurrencies.

13 Crypto Exchanges Custody 7% of the Crypto Economy, Coinbase Dominates With $56.2B AUM
The highest 5 exchanges by way of crypto-assets beneath custody.

The 13 exchanges embody Coinbase, Binance, Huobi World, Kraken, Okex, Gemini, Bitfinex, Bittrex, Bitflyer, Coincheck, Bitstamp, and Bybit respectively. Coinbase is the chief, by way of crypto reserves held on Sunday, with $56.2 billion in crypto belongings beneath administration (AUM).

13 Crypto Exchanges Custody 7% of the Crypto Economy, Coinbase Dominates With $56.2B AUM
The highest six via ten exchanges by way of crypto-assets beneath custody.

$40.27 billion of Coinbase’s reserves is made up of bitcoin (BTC), with 853,530 BTC in custody. The second-largest alternate by way of crypto AUM is Binance with $24.85 billion at the moment. Binance has 370,390 BTC, 3.59 ETH, and 1.24 billion USDT beneath custody.

All 13 exchanges maintain roughly 165.25 billion in crypto belongings on January 2, 2022, which equates to six.98% of the $2.3 trillion crypto economic system. Bybit maintains the thirteenth place, by way of crypto reserves, and holds $1.44 billion in digital belongings.

10 Crypto Asset Buying and selling Platforms Maintain Extra Than $50 Million, 23 Exchanges Custody Over a Million in Crypto Reserves

Roughly ten crypto-asset exchanges command greater than $50 million in crypto AUM. 23 exchanges maintain 1,000,000 {dollars} or extra in crypto AUM and dozens of crypto exchanges don’t have any obtainable reserve knowledge.

This report’s crypto alternate reserve knowledge printed on January 2, 2022, at 8:15 a.m. (EST) was recorded by Bituniverse, Peckshield, Chain.data, and Etherscan.

The one group that surpasses the bitcoin (BTC) reserves Coinbase holds is Grayscale Funding’s Bitcoin Belief (GBTC), and the belief’s 648,069 BTC beneath custody. The Bitcoin Belief has 3.086% of the 21 million capped bitcoin provide.

One other entity that has greater than 100K in BTC belongings is Block.one with 140,000 BTC under management, whereas the publicly-listed firm Microstrategy holds ​​124,391 BTC at the moment. Grayscale, Block.one, and Microstrategy are the one non-exchange entities with 100K BTC or extra.

Tags on this story
AUM, Binance, Bitcoin, Bitcoin (BTC), BitFinex, bitFlyer, BitStamp, Bittrex, Bituniverse, BTC, BTC deposits, Bybit, Chain.info, Coinbase, Coincheck, Crypto Reserves, custody, etherscan, Exchanges, Gemini, glassnode, Huobi Global, Kraken, market rout, Okex, outflow, Peckshield, Reserve Status, Trading Platforms

What do you concentrate on the 13 crypto exchanges with $165 billion beneath administration? Tell us what you concentrate on this topic within the feedback part under.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information concerning the disruptive protocols rising at the moment.

Picture Credit: Shutterstock, Pixabay, Wiki Commons, Bituniverse,

Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, immediately or not directly, for any harm or loss brought on or alleged to be brought on by or in reference to using or reliance on any content material, items or providers talked about on this article.

Leave a Reply

Your email address will not be published.

Back to top button