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

As 2022 begins, 13 completely different cryptocurrency change platforms have greater than a billion {dollars} every in digital currencies held in reserves. Between all 13 buying and selling platforms, the group of change platforms maintain a whopping $165.25 billion value 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 value $2.3 trillion and seven.10% of the combination 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.

13 Crypto Exchanges Custody 7% of the Crypto Economy, Coinbase Dominates With $56.2B AUM
The high 5 exchanges in phrases of crypto-assets underneath custody.

The 13 exchanges embrace Coinbase, Binance, Huobi Global, 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 belongings underneath administration (AUM).

13 Crypto Exchanges Custody 7% of the Crypto Economy, Coinbase Dominates With $56.2B AUM
The high six by ten exchanges in phrases of crypto-assets underneath custody.

$40.27 billion of Coinbase’s reserves is made up of bitcoin (BTC), with 853,530 BTC in custody. The second-largest change in phrases of crypto AUM is Binance with $24.85 billion right this moment. Binance has 370,390 BTC, 3.59 ETH, and 1.24 billion USDT underneath 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, in phrases 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 1,000,000 {dollars} or extra in crypto AUM and dozens of crypto exchanges don’t have any accessible reserve knowledge.

This report’s crypto change reserve knowledge revealed on January 2, 2022, at 8:15 a.m. (EST) was recorded by Bituniverse, Peckshield, Chain.information, 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 underneath 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 right this moment. Grayscale, Block.one, and Microstrategy are the solely non-exchange entities with 100K BTC or extra.

Tags on this story
AUM, Binance, Bitcoin, Bitcoin (BTC), BitFinex, bitFlyer, BitStamp, Bittrex, Bituniverse, BTC, BTC deposits, Bybit, Chain.information, Coinbase, Coincheck, Crypto Reserves, custody, etherscan, Exchanges, Gemini, glassnode, Huobi Global, Kraken, market rout, Okex, outflow, Peckshield, Reserve Status, Trading Platforms

What do you concentrate on the 13 crypto exchanges with $165 billion underneath administration? Let us know what you concentrate on this topic in the feedback part under.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a monetary tech journalist residing in Florida. Redman has been an lively 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 News about the disruptive protocols rising right this moment.




Image Credits: Shutterstock, Pixabay, Wiki Commons, Bituniverse,

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