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

As 2022 begins, 13 totally 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 Hold a Billion or More in Crypto Equalling Over $165 Billion in Assets Under Management

At the time of writing, the crypto financial system is price $2.3 trillion and seven.10% of the mixture or $168 billion is made up of stablecoins. Furthermore, statistics on January 2, 2022, point out that 13 crypto-asset buying and selling platforms maintain a billion {dollars} or extra in cryptocurrencies.

The 13 exchanges embrace Coinbase, Binance, Huobi Global, Kraken, Okex, Gemini, Bitfinex, Bittrex, Bitflyer, Coincheck, Bitstamp, and Bybit respectively. Coinbase is the chief, by way of crypto reserves held on Sunday, with $56.2 billion in crypto belongings beneath administration (AUM).

$40.27 billion of Coinbase’s reserves is made up of bitcoin (BTC), with 853,530 BTC in custody. The second-largest trade by way of crypto AUM is Binance with $24.85 billion as we speak. 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 belongings on January 2, 2022, which equates to six.98% of the $2.3 trillion crypto financial system. Bybit maintains the thirteenth place, by way of crypto reserves, and holds $1.44 billion in digital belongings.

10 Crypto Asset Trading Platforms Hold More Than $50 Million, 23 Exchanges Custody Over a Million in Crypto Reserves

Approximately 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 accessible reserve knowledge.

This report’s crypto trade reserve knowledge printed on January 2, 2022, at 8:15 a.m. (EST) was recorded by Bituniverse, Peckshield, Chain.data, and Etherscan.

The solely group that surpasses the bitcoin (BTC) reserves Coinbase holds is Grayscale Investment’s Bitcoin Trust (GBTC), and the belief’s 648,069 BTC beneath custody. The Bitcoin Trust has 3.086% of the 21 million capped bitcoin provide.

Another entity that has greater than 100K in BTC belongings is Block.one with 140,000 BTC under management, whereas the publicly-listed firm Microstrategy holds ​​124,391 BTC as we speak. Grayscale, Block.one, and Microstrategy are the one non-exchange entities with 100K BTC or extra.

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