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13 Crypto Exchanges Custody 7% of the Crypto Economy, Coinbase Dominates With $56.2B AUM

Cryptocurrency

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13 Crypto Exchanges Custody 7% of the Crypto Economy, Coinbase Dominates With $56.2B AUM

13 Crypto Exchanges Custody 7% of the Crypto Economy, Coinbase Dominates With $56.2B AUM

As 2022 begins, 13 completely different cryptocurrency trade platforms have greater than a billion {dollars} every in digital currencies held in reserves. Between all 13 buying and selling platforms, the group of trade 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 Belongings Below Administration

On the time of writing, the crypto economic system is price $2.Three 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.

The highest 5 exchanges in phrases 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, in phrases of crypto reserves held on Sunday, with $56.2 billion in crypto property beneath administration (AUM).

The highest six by means of ten exchanges in phrases 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 trade in phrases of crypto AUM is Binance with $24.85 billion at present. 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 property on January 2, 2022, which equates to six.98% of the $2.Three trillion crypto economic system. Bybit maintains the 13th place, in phrases of crypto reserves, and holds $1.44 billion in digital property.

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 one million {dollars} or extra in crypto AUM and dozens of crypto exchanges don’t have any out there reserve information.

This report’s crypto trade reserve information revealed 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 100Ok in BTC property is Block.one with 140,000 BTC beneath administration, whereas the publicly-listed firm Microstrategy holds ​​124,391 BTC at present. Grayscale, Block.one, and Microstrategy are the one non-exchange entities with 100Ok BTC or extra.

What do you concentrate on the 13 crypto exchanges with $165 billion beneath administration? Tell us what you concentrate on this topic in 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 neighborhood 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 present.

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