At the start of 2022, 13 different cryptocurrency exchanges each have over $ 1 billion in digital currencies held in reserves. Among the 13 trading platforms, the exchange platform group holds $ 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.
The 13 exchanges hold approximately 165.25 billion in crypto assets as of January 2, 2022, which is equivalent 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.
Crypto exchange reserve data for this report released 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.
Block.one, with 140,000 BTC under management, is another entity that holds over 100,000 BTC in assets, while publicly traded company Microstrategy now holds 124,391 BTC. Grayscale, Block.one and Microstrategy are the only non-trading entities with 100K BTC or more.
What do you think of the 13 crypto exchanges with $ 165 billion under management? Let us know what you think of this topic in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, Bituniverse,
Warning: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, nor a recommendation or endorsement of any product, service or business. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, good or service mentioned in this article.