As 2022 begins, 13 different cryptocurrency exchange platforms have more than a billion dollars each in digital currencies held in reserves. Between all 13 trading platforms, the group of exchange platforms hold a whopping $165.25 billion worth of bitcoin, ethereum, and tether.
13 Crypto Exchanges Hold One Billion Or More In Crypto Equivalent To Over $ 165 Billion In Assets Under Management
At the time of writing, the crypto-economy is worth $ 2.3 trillion and 7.10% of the whole or $ 168 billion is made up of stablecoins. Additionally, statistics from January 2, 2022 show that 13 crypto-asset trading platforms hold $ 1 billion or more in cryptocurrencies.
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).
$ 40.27 billion of Coinbase’s reserves are 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 in custody.
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.
10 crypto asset trading platforms hold over $ 50 million, 23 exchanges hold over one million crypto reserves
About ten crypto asset exchanges order more than $ 50 million in crypto AUM. 23 exchanges hold $ 1 million or more in AUM crypto and dozens of crypto exchanges do not have any reserve data available.
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.
The only organization that exceeds the bitcoin (BTC) reserves held by Coinbase is Grayscale Investment’s Bitcoin Trust (GBTC) and the trust’s 648,069 BTC in custody. The Bitcoin Trust owns 3.086% of the 21 million bitcoin capped.
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.
