- Oct 25, 2021
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5 Exchanges Hold 1.6 Million Bitcoin Worth $81 Billion
At the time of writing, 90% of the 21 million bitcoin supply cap has been mined into existence. Currently, there is 18,899,800
We also know that a
Today, five exchanges hold 1,673,460 bitcoin or $81.6 billion worth using today’s USD exchange rate. The five exchanges are Coinbase, Binance, Huobi, Kraken, and Okex and they all hold a significant amount of ethereum as well. Coinbase holds 853,530
The company’s ether holdings are not disclosed but in terms of bitcoin, Coinbase holds 51% of the aggregate held on the top five exchanges. Binance holds 290,080
Top 10 Exchanges Custody 7% of the $2.3 Trillion Crypto Economy
Huobi has 160,950
Okex is followed by Gemini’s 116,000
The combination of all the reserves held on the top ten exchanges is around $165.89 billion. For some perspective, there’s more crypto value on the top ten exchanges than the entire stablecoin economy of $162.6 billion. In fact, the funds held on the top ten crypto trading platforms represent roughly 7.07% of the $2.343 trillion crypto economy.
What do you think about the amount of crypto value held on centralized cryptocurrency exchanges today? Let us know what you think about this subject in the comments section below.