As 2022 starts, 13 unique cryptocurrency trade stages have in excess of a billion dollars each in digital currencies held available for later. Between every one of the 13 exchanging stages, the group of trade stages hold an whopping $165.25 billion worth of bitcoin, ethereum, and tether. At the hour of writing, the crypto economy is valued at $2.3 trillion and 7.10% of the total or $168 billion is comprised of stablecoins. Moreover, measurements on January 2, 2022, demonstrate that 13 crypto-resource exchanging stages hold a billion dollars or more in cryptocurrencies.
$40.27 billion of Coinbase’s reserves is made up of bitcoin (BTC), with 853,530 BTC in custody. The second-largest exchange in terms of crypto AUM is Binance with $24.85 billion today. Binance has 370,390 BTC, 3.59 ETH, and 1.24 billion USDT under custody.
The 13 exchanges include Coinbase, Binance, Huobi Global, Kraken, Okex, Gemini, Bitfinex, Bittrex, Bitflyer, Coincheck, Bitstamp, and Bybit respectively. Coinbase is the leader, in terms of crypto reserves held on Sunday, with $56.2 billion in crypto assets under management (AUM).
All 13 exchanges hold approximately 165.25 billion in crypto assets on January 2, 2022, which equates to 6.98% of the $2.3 trillion crypto economy. Bybit maintains the 13th position, in terms of crypto reserves, and holds $1.44 billion in digital assets.
This report’s crypto exchange reserve data published on January 2, 2022, at 8:15 a.m. (EST) was recorded by Bituniverse, Peckshield, Chain.info, and Etherscan.
10 Crypto Asset Trading Platforms Hold More Than $50 Million, 23 Exchanges Custody Over a Million in Crypto Reserves
Approximately ten crypto-asset exchanges command more than $50 million in crypto AUM. 23 exchanges hold a million dollars or more in crypto AUM and dozens of crypto exchanges have no available reserve data.
The only organization that surpasses the bitcoin (BTC) reserves Coinbase holds is Grayscale Investment’s Bitcoin Trust (GBTC), and the trust’s 648,069 BTC under custody. The Bitcoin Trust has 3.086% of the 21 million capped bitcoin supply.
Another entity that has more than 100K in BTC assets is Block.one with 140,000 BTC under management, while the publicly-listed company Microstrategy holds 124,391 BTC today. Grayscale, Block.one, and Microstrategy are the only non-exchange entities with 100K BTC or more.
News Summary:
- 13 Crypto Exchange Custodies 7% of Crypto Economy, Coinbase Outperforms with $ 56.2B AUM
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