13 crypto exchanges host 7% of the crypto economy, and Coinbase dominates with an AUM of USD 56.2B – Exchange Bitcoin News

With the beginning of 2022, 13 different cryptocurrency trading platforms each have more than 1 billion U.S. dollars in digital currency reserves. Among all 13 trading platforms, this group of trading platforms holds Bitcoin, Ethereum and Tether worth up to 165.25 billion U.S. dollars.

13 crypto exchanges hold more than US$1 billion in crypto assets and more than US$165 billion in assets under management

At the time of writing, the crypto economy is worth 2.3 trillion U.S. dollars, of which 7.10% (or 168 billion U.S. dollars) is made up of stablecoins. In addition, statistics on January 2, 2022 show that 13 crypto asset trading platforms hold 1 billion U.S. dollars or more of cryptocurrency.

13 crypto exchanges host 7% of the crypto economy, and Coinbase dominates with an AUM of USD 56.2B
The top five exchanges for custody of crypto assets.

These 13 exchanges include Coinbase, Binance, Huobi Global, Kraken, Okex, Gemini, Bitfinex, Bittrex, Bitflyer, Coincheck, Bitstamp and Bybit. In terms of cryptocurrency reserves held on Sunday, Coinbase is in a leading position, managing $56.2 billion in crypto assets (AUM).

13 crypto exchanges host 7% of the crypto economy, and Coinbase dominates with an AUM of USD 56.2B
In terms of custody of encrypted assets, the top six to ten exchanges.

Coinbase’s US$40.27 billion reserves are made up of Bitcoin (BTC), 853,530 Bitcoin In custody. In terms of the scale of crypto asset management, the second largest exchange is Binance, which now has USD 24.85 billion. Binance There are 370,390 Bitcoin, 3.59 Ethereum, And 1.24 billion USDT In custody.

As of January 2, 2022, all 13 exchanges hold approximately 165.25 billion crypto assets, equivalent to 6.98% of the $2.3 trillion crypto economy. Bybit remains 13th in terms of crypto reserves and holds $1.44 billion in digital assets.

10 crypto asset trading platforms hold more than 50 million U.S. dollars, and 23 exchanges custody more than 1 million crypto reserves

Approximately 10 encrypted asset exchanges have encrypted assets under management of more than 50 million U.S. dollars. Twenty-three exchanges hold $1 million or more in crypto asset management assets, and dozens of crypto exchanges have no available reserve data.

The cryptocurrency exchange reserve data released in this report at 8:15 a.m. (Eastern Standard Time) on January 2, 2022 was recorded by Bituniverse, Peckshield, Chain.info and Etherscan.

The only organization that surpasses Bitcoin (Bitcoin) Reserve Coinbase holds the Grayscale Investment Bitcoin Trust (GBTC), and the trust’s 648,069 Bitcoin In custody. The Bitcoin Trust owns 3.086% of the 21 million capped Bitcoin supply.

Another entity with more than 100K Bitcoin The assets are Block.one and Manage 140,000 BTC, And listed companies Micro strategy Holds 124,391 Bitcoin today. Grayscale, Block.one and Microstrategy are the only non-exchange entities with 100K Bitcoin or more.

Tags in this story

Asset management scale, Binance, Bitcoin, Bitcoin (BTC), Bitcoin, Bit leaflet, Bit stamp, Bitcoin, Bit universe, Bitcoin, Bitcoin deposit, Bybit, Chain Information, Coin Bank, Coin check, Crypto reserve, custody, Ether scan, comminicate, Gemini, Glass node, Huobi Global, Kraken, Market crash, Oaks, outflow, woodpecker, Reserved state, Trading platform

What do you think of the 13 cryptocurrency exchanges that manage $165 billion? 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 5,000 articles for Bitcoin.com News about destructive protocols emerging today.

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

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