As of December 12, round 90% of all the bitcoin that may ever exist is in circulation right now, and the high 5 exchanges maintain 1.6 million bitcoin. The bitcoin holdings on Coinbase, Binance, Huobi, Kraken, and Okex mixed signify 7.96% of the 21 million bitcoin provide cap. The bitcoin held by Coinbase is a whopping 51% of the 1.6 million bitcoin or $41.6 billion utilizing right now’s trade charges.
5 Exchanges Hold 1.6 Million Bitcoin Worth $81 Billion
At the time of writing, 90% of the 21 million bitcoin provide cap has been mined into existence. Currently, there may be 18,899,800 BTC that has been mined to date and in the close to future, 19 million bitcoin can be mined into existence.
We additionally know {that a} first rate fraction of bitcoin has been misplaced and Satoshi Nakamoto could have mined round 1.1 million BTC earlier than leaving the bitcoin group. A study revealed by Coin Metrics on November 19, 2019, signifies that the assumed quantity of misplaced coins was round 1.5 million at block peak 600,000.
Today, 5 exchanges maintain 1,673,460 bitcoin or $81.6 billion value utilizing right now’s USD trade charge. The 5 exchanges are Coinbase, Binance, Huobi, Kraken, and Okex they usually all maintain a big quantity of ethereum as properly. Coinbase holds 853,530 BTC in accordance to metrics from Bituniverse, Peckshield, and Chain.data.
The firm’s ether holdings usually are not disclosed however in phrases of bitcoin, Coinbase holds 51% of the combination held on the high 5 exchanges. Binance holds 290,080 BTC or $14.1 billion and Binance additionally has a stash of 3.59 million ethereum value $14.2 billion. Furthermore, Binance has 1.24 billion of tether (USDT) in reserves as properly.
Top 10 Exchanges Custody 7% of the $2.3 Trillion Crypto Economy
Huobi has 160,950 BTC right now, 2.13 million ether, and 747 million USDT as properly. Metrics point out that Kraken has 102,900 BTC in reserves and a couple of.27 million ethereum. Lastly, the fifth-largest digital foreign money trade in phrases of BTC reserves, Okex, has round 266,530 bitcoin however solely 248,840 ethereum.
Okex is adopted by Gemini’s 116,000 BTC and 1.15 million ether, and Bitfinex’s 195,550 BTC and 353,660 ether in reserves. These exchanges are adopted by Bittrex (48,110 BTC and 301,370 ether), Bitmex (111,650 BTC), and Bitflyer (75,030 BTC). Between the high 5 crypto exchanges, in phrases of reserves, there’s $132.36 billion held on these platforms.
The mixture of all the reserves held on the high ten exchanges is round $165.89 billion. For some perspective, there’s extra crypto worth on the high ten exchanges than the whole stablecoin economic system of $162.6 billion. In reality, the funds held on the high ten crypto buying and selling platforms signify roughly 7.07% of the $2.343 trillion crypto economic system.
What do you consider the quantity of crypto worth held on centralized cryptocurrency exchanges right now? Let us know what you consider this topic in the feedback part beneath.
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