5 crypto exchanges custody 1.6 million bitcoins or close to 8% of the supply cap – Exchange Bitcoin News

5 crypto exchanges custody 1.6 million bitcoins or close to 8% of the supply cap – Exchange Bitcoin News


As of December 12, approximately 90% of bitcoins are in circulation today, and the top five exchanges hold 1.6 million bitcoins. The combined Bitcoin holdings on Coinbase, Binance, Huobi, Kraken and Okex account for 7.96% of the 21 million Bitcoin supply cap. Calculated at today’s exchange rate, Coinbase holds 51% of 1.6 million bitcoins or 41.6 billion U.S. dollars.

5 exchanges hold 1.6 million bitcoins, valued at US$81 billion

At the time of writing, 90% of the 21 million Bitcoin supply cap has been mined. Currently, there are 18,899,800 Bitcoin The bitcoins that have been mined so far, 19 million bitcoins will be mined in the near future.

We also know one Decent score Bitcoin Has been lost and Satoshi Nakamoto May have mined about 1.1 million Bitcoin Before leaving the Bitcoin community.One learn According to data released by Coin Metrics on November 19, 2019, at a block height of 600,000, the hypothetical number of lost coins is approximately 1.5 million.

5 crypto exchanges hosting 1.6 million bitcoins or close to 8% of the supply cap
Bitcoin’s circulating supply is now 90% of the largest number of Bitcoins.

Today, five exchanges hold 1,673,460 bitcoins, which are worth 81.6 billion U.S. dollars at today’s dollar exchange rate. The five exchanges are Coinbase, Binance, Huobi, Kraken, and Okex, and they all hold large amounts of Ethereum. Coinbase holds 853,530 Bitcoin According to the indicators of Bituniverse, Peckshield and Chain.info.

The company’s ether holdings were not disclosed, but in terms of Bitcoin, Coinbase holds 51% of the total ether held by the top five exchanges. Binance holds 290,080 Bitcoin Or 14.1 billion U.S. dollars, Binance also has 3.59 million Ethereums, valued at 14.2 billion U.S. dollars. In addition, Binance has 1.24 billion Tether (USDT) Is also in reserve.

The top 10 exchanges host 7% of the $2.3 trillion crypto economy

Huobi has 160,950 Bitcoin Today, 2.13 million ether and 747 million ether USDT as well as. Indicators indicate that Kraken has 102,900 Bitcoin In reserves and 2.27 million Ethereum.Finally, the fifth largest digital currency exchange Bitcoin The reserve, Okex, has approximately 266,530 Bitcoins but only 248,840 Ethereum.

5 crypto exchanges hosting 1.6 million bitcoins or close to 8% of the supply cap
The top ten exchanges in crypto asset reserves on December 13, 2021.

Okex is followed closely by Gemini with 116,000 Bitcoin And 1.15 million ether and 195,550 of Bitfinex Bitcoin And a reserve of 353,660 ether. These exchanges are followed closely by Bittrex (48,110 Bitcoin And 301,370 ether), Bitmex (111,650 Bitcoin) And Bitflyer (75,030 Bitcoin). In terms of reserves, the top five cryptocurrency exchanges hold $132.36 billion on these platforms.

The sum of all reserves held by the top ten exchanges is approximately 165.89 billion U.S. dollars. From a certain perspective, the cryptocurrency value of the top ten exchanges is more than the entire stable currency economy of 162.6 billion U.S. dollars. In fact, the funds held by the top ten crypto trading platforms account for approximately 7.07% of the $2.343 trillion crypto economy.

Tags in this story

US$81 billion, 1.6 million bitcoins, 21 million, 90% supply, Binance, Bitcoin reserves, Bitcoin, Bit leaflet, Bitcoin, Bitcoin, Bitcoin reserves, Restrict supply, Coin Bank, Cryptocurrency exchange, Digital currency exchange, comminicate, Gemini, Huobi, Kraken, Oaks, Supply cap

What do you think of the value of cryptocurrencies held by centralized cryptocurrency exchanges today? Please tell us your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the head of news at Bitcoin.com News and a fintech reporter living in Florida. Since 2011, Redman has been an active member of the cryptocurrency community. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 4,900 articles about destructive protocols emerging today for Bitcoin.com News.

Image Source: Shutterstock, Pixabay, Wiki Commons, Bituniverse, Coinmarketcap,

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