Thirteen cryptocurrency exchanges have $ 165.25 billion in Bitcoin, Ethereum and Tether, a report from Bitcoin.com has shown.
According to the report, these platforms have more than $ 1 billion each in digital currencies held in reserves and own about seven percent of the global crypto economy.
When the report was released on Sunday, the cryptocurrency economy was worth $ 2.3 trillion. According to him, the 13 exchanges include Coinbase, Binance, Huobi Global, Kraken, Okex, Gemini, Bitfinex, Bittrex, Bitflyer, Coincheck, Bitstamp, and Bybit.
The report read: “Coinbase is the leader, in terms of crypto reserves held on Sunday, with $ 56.2 billion in crypto assets under management. $ 40.27 billion of Coinbase's reserves are made up of BTC, with 853,530 BTC in custody.
“The second largest exchange in terms of AUM crypto is Binance at $ 24.85 billion today. Binance has 370,390 BTC, 3.59 ETH, and 1.24 billion USDT in custody. The 13 exchanges have approximately 165.25 billion in crypto assets on January 2, 2022, which is equivalent to 6.98 percent of the $ 2.3 trillion crypto economy.
Bybit holds the thirteenth position, in terms of crypto reserves, and has $ 1.44 billion in digital assets. Roughly ten crypto asset exchanges hold more than $ 50 million in AUM crypto. 23 exchanges have a million dollars or more in AUM crypto and dozens of crypto exchanges have no reserve data available. "
According to the report, only Grayscale Investment's Bitcoin Trust has more BTC in its reserve than Coinbase, with 648,069 BTC in its custody. Bitcoin Trust also has 3.086 percent of the 21 million limited bitcoin supply.
Another entity that has over 100K in BTC assets is Block.one with 140,000 BTC under management, while the publicly traded company Microstrategy owns 124,391 BTC today. Grayscale, Block.one and Microstrategy are the only non-exchange entities with 100K BTC or more, 'he added.
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