13 Crypto Exchanges Control 7% of the Crypto Market, Coinbase Dominates With $56.2B AUM. Currently, as the year 2022 gets began, 13 unique cryptocurrency exchange platforms. Have more than a billion dollars’ worth of digital currencies in reserve on their own platforms. Together, the 13 trading platforms own a remarkable $165.25 billion in bitcoin, ether, and tether. Which is an enormous amount of money in cryptocurrency terms.
As of the time of writing, a total of $2.3 trillion has been invested in the crypto economy. With stablecoins accounting for 7.10 percent of the total (or $168 billion) in terms of market capitalization. More importantly, as of January 2, 2022, data shows that 13 crypto-asset trading platforms. Have a combined balance sheet with cryptocurrencies worth one billion dollars or more. According to the latest available information.
In addition to Bitfinex and Bittrex (both cryptocurrency exchanges), Coincheck (Bitstamp) and Bitstamp (Bitstamp). Are among the 13 exchanges that make up the Bitcoin ecosystem. Gemini (also a cryptocurrency exchange) and Bybit (also a cryptocurrency exchange). Were among the exchanges that make up the Bitcoin ecosystem. In terms of cryptocurrency reserves, Coinbase is the leader with a total of $56.2 billion. In crypto assets under administration, according to data gathered on Sunday (AUM).
Coinbase’s reserves are dominated by the cryptocurrency bitcoin (BTC). Which accounts for $40.27 billion of the total, with 853,530 BTC kept in custody. Today, Binance is the world’s second-largest cryptocurrency exchange by market capitalization. With a total market capitalization of $24.85 billion. Binance is the custodian of three cryptocurrencies: bitcoin (BTC), Ethereum (ETH). And USDT (USDT).
According to data from January 2, 2022, all 13 exchanges held around 165.25 billion in crypto assets. Which accounted for 6.98 percent of the $2.3 trillion cryptocurrency economy. At the time of publication.
10 Crypto Trading Platforms Have $50 Million Or More
The cryptocurrency exchange CoinMarketCap reports that ten bitcoin asset trading platforms. Have more than $50 million in cryptocurrency reserves. And 23 cryptocurrency exchanges have more than a million dollars in cryptocurrency reserves.
The data from CoinMarketCap shows that there are around 10 cryptocurrency asset exchanges. That collectively hold more than $50 million in cryptocurrency AUM. Currently, there are also 23 cryptocurrency exchanges with a crypto AUM of one million dollars or more. As well as many more cryptocurrency exchanges. That do not also make reserve information available to the general public.
Data for this article, which was published on January 2, 2022, at 8:15 a.m. (EST),. Was compiled from a variety of sources, including Bituniverse and Peckshield. Chain.info and Etherscan also contributed to the compilation of the data.
In addition to Coinbase, Grayscale Investment’s Bitcoin Trust (GBTC). Has a total of 648,069 bitcoin (BTC) in its possession. Making it the second-largest organization in the world with more bitcoin (BTC) reserves than Coinbase. Bitcoin Trust is the owner of 3.086 percent also of the total 21 million bitcoins. Currently in existence, according to CoinMarketCap, making it the largest bitcoin trust in the world.
Another company with more than 100,000 bitcoins under management is Block.one. Which has 140,000 bitcoins under administration. Microstrategy, a publicly traded corporation. Now has 124,391 bitcoins under administration, according to the company’s website. There are only three non-exchange businesses that have more than 100K BTC in their possession. Grayscale, Block.one, and Microstrategy, with the rest being exchange businesses.