As 2022 starts, 13 various cryptocurrency exchange platforms have more than a billion dollars each in digital currencies kept in reserves. Between all 13 trading platforms, the group of exchange platforms hold a tremendous $165.25 billion worth of bitcoin, ethereum, and tether.
13 Crypto Exchanges Hold a Billion or More in Crypto Equalling Over $165 Billion in Assets Under Management
At the time of composing, the crypto economy deserves $2.3 trillion and 7.10% of the aggregate or $168 billion is comprised of stablecoins. Furthermore, stats on January 2, 2022, show that 13 crypto-asset trading platforms hold a billion dollars or more in cryptocurrencies.
The 13 exchanges consist of Coinbase, Binance, Huobi Global, Kraken, Okex, Gemini, Bitfinex, Bittrex, Bitflyer, Coincheck, Bitstamp, and Bybit respectively. Coinbase is the leader, in regards to crypto reserves hung on Sunday, with $56.2 billion in crypto properties under management (AUM).
$ 40.27 billion of Coinbase’s reserves is comprised of bitcoin (BTC), with 853,530 BTC in custody. The second-largest exchange in regards to crypto AUM is Binance with $24.85 billion today. Binance has 370,390 BTC, 3.59 ETH, and 1.24 billion USDT under custody.
All 13 exchanges hold around 165.25 billion in crypto properties on January 2, 2022, which relates to 6.98% of the $2.3 trillion crypto economy. Bybit keeps the 13th position, in regards to crypto reserves, and holds $1.44 billion in digital properties.
10 Crypto Asset Trading Platforms Hold More Than $50 Million, 23 Exchanges Custody Over a Million in Crypto Reserves
Approximately 10 crypto-asset exchanges command more than $50 million in crypto AUM. 23 exchanges hold a million dollars or more in crypto AUM and lots of crypto exchanges have no readily available reserve information.
This report’s crypto exchange reserve information released on January 2, 2022, at 8:15 a.m. (EST) was tape-recorded by Bituniverse, Peckshield,Chain details, and Etherscan.
The just company that goes beyond 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 topped bitcoin supply.
Another entity that has more than 100K in BTC properties isBlock one with 140,000 BTC under management, while the publicly-listed business