13 Crypto Exchanges Hold Over 14% of Industry’s Wealth; Binance Dominates with 42% Share of $151B in Reserves

On September 27, 2023, statistic bespeak that 13 cryptocurrency exchanges person assets nether absorption (AUM) exceeding $1 billion, collectively constituting 14.39% of the crypto economy’s full worth of $1.05 trillion. Among these 13 integer currency trading platforms, Binance stands retired by maintaining a 42.81% stock of the $151.08 cardinal successful cryptocurrency reserves.

A Handful of Billion-Dollar Cryptocurrency Exchanges Command $151B successful Net Value

Data indicates that 13 chiseled cryptocurrency exchanges collectively negociate a full worth of $151.08 billion, with Binance, the starring cryptocurrency trading level successful presumption of planetary volume, maintaining $64.68 cardinal successful reserves, arsenic reported by Arkham Intelligence’s blockchain explorer.

Binance’s holdings see 21.02 cardinal tether (USDT) and 671,981 BTC, with a combined worth of $38.7 billion. Additionally, Binance held assets valued astatine $6.55 cardinal successful ETH and $3.21 cardinal successful BNB connected September 27.

Binance’s holdings correspond 42.81% of the corporate $151 cardinal successful worth held by these 13 exchanges. According to Arkham’s data, Coinbase controlled astir $28.91 cardinal arsenic of September 27, 2023.

The speech holds a important 946,618 bitcoin (BTC) worthy $24.88 billion. Another $2.69 cardinal successful worth is attributed to Coinbase’s ETH holdings, and determination is $530 cardinal worthy of LINK held by the San Francisco-based trading platform.

The integer currency speech Okx manages a full of $14.37 billion, with $5 cardinal of that consisting of tether (USDT). Okx besides holds $3.52 cardinal successful BTC, $3.16 cardinal successful OKB, and $1.64 cardinal worthy of ETH.

On September 27, Bitfinex held $11.70 cardinal AUM with 225,231 BTC worthy $5.92 billion. The speech besides holds different $3.22 cardinal successful ether. Robinhood holds $6.27 cardinal full and $3.19 cardinal of that worth is successful bitcoin (BTC).

Around $2.74 cardinal of Robinhood’s cache consists of ETH holdings. Robinhood besides commands $251.55 cardinal successful SHIB and $35.70 cardinal successful LINK. Among the 5 aforementioned exchanges, the trading platforms collectively clasp $125.93 cardinal of the $151 cardinal aggregate.

The full reserves among the apical 5 retired of 13 equate to 83.39%. There’s besides Kraken, with its treasure chest of $5.96 billion; Bybit, boasting a hefty $4.51 billion; Crypto.com, guarding a chill $3.61 billion; Gemini, with coffers holding $3.11 billion; HTX, formerly known arsenic Huobi, possessing $2.89 billion; Kucoin, with a substantial $1.89 billion; Deribit, holding $1.79 billion; and Upbit, with a stash of $1.32 billion.

The second 8 exchanges bid a portion of 16.61% of the $151 cardinal pastry held by this prime cadre of exchanges.

What bash you deliberation astir the 13 crypto exchanges that clasp much than 14% of the crypto economy’s nett worth? Share your thoughts and opinions astir this taxable successful the comments conception below.