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5 crypto exchanges hold 1.6 million Bitcoin or almost 8% of the limited supply – Exchanges Bitcoin News

As of December 12th, around 90% of all bitcoins ever existed are in circulation today, and the five largest exchanges hold 1.6 million bitcoins. The bitcoin holdings on Coinbase, Binance, Huobi, Kraken and Okex together make up 7.96% of the 21 million bitcoin supply cap. The Bitcoin held by Coinbase accounts for a whopping 51% of the 1.6 million Bitcoin, or $ 41.6 billion at today’s exchange rates.

5 exchanges hold 1.6 million bitcoin valued at $ 81 billion

At the time of writing, 90% of the 21 million bitcoin supply cap has been mined. Currently, 18,899,800 BTC has been mined and 19 million Bitcoin will be mined in the near future.

We also know that a decent chunk of Bitcoin has been lost, and Satoshi Nakamoto may have mined around 1.1 million BTC before leaving the Bitcoin community. A study published by Coin Metrics on November 19, 2019 shows that the assumed amount of lost coins with a block height of 600,000 was around 1.5 million.

5 crypto exchanges hold 1.6 million bitcoin or nearly 8% of the limited supplyThe circulating supply of Bitcoin is now 90% of the maximum number of Bitcoins there will ever be.

Today five exchanges hold 1,673,460 Bitcoin, or $ 81.6 billion worth today’s USD exchange rate. The five exchanges are Coinbase, Binance, Huobi, Kraken, and Okex, and they all hold a sizable amount of Ethereum as well. Coinbase holds 853,530 BTC according to metrics from Bituniverse, Peckshield and

The company’s ether holdings are not disclosed, but in terms of Bitcoin, Coinbase holds 51% of the aggregate held on the top five exchanges. Binance holds 290,080 BTC, or $ 14.1 billion, and Binance also has a stash of 3.59 million Ethereum valued at $ 14.2 billion. In addition, Binance has 1.24 billion tether (USDT) in reserves.

Top 10 exchanges hold 7% of the $ 2.3 trillion crypto economy

Huobi today has 160,950 BTC, 2.13 million ethers and also 747 million USDT. Metrics show Kraken has 102,900 BTC in reserves and 2.27 million Ethereum. After all, Okex, the fifth largest digital currency exchange in terms of BTC reserves, has around 266,530 Bitcoin but only 248,840 Ethereum.

5 crypto exchanges hold 1.6 million bitcoin or nearly 8% of the limited supplyTop ten exchanges in terms of reserves of crypto assets on December 13, 2021.

Okex is followed by Geminis 116,000 BTC and 1.15 million ethers as well as the 195,550 BTC and 353,660 ethers from Bitfinex in the reserves. These exchanges are followed by Bittrex (48,110 BTC and 301,370 Ether), Bitmex (111,650 BTC) and Bitflyer (75,030 BTC). Between the top five crypto exchanges, in terms of reserves, there is $ 132.36 billion on these platforms.

The sum of all reserves held on the top ten exchanges is around $ 165.89 billion. In some ways, there is more crypto value on the top ten exchanges than the entire stablecoin economy of $ 162.6 billion. In fact, the funds held on the top ten crypto trading platforms represent approximately 7.07% of the crypto economy of $ 2.343 trillion.

Tags in this story

$ 81 billion, BTC 1.6 million, 21 million, 90% offer, Binance, Bitcoin Reserves, BitFinex, bitFlyer, BitMex, Bittrex, BTC Reserves, Capped Supply, Coinbase, Crypto Exchanges, Digital Currency Exchange, Exchanges, Gemini, Huobi, Kraken, Okex, supply cap

What do you think of the amount of cryptocurrency held on centralized cryptocurrency exchanges today? Let us know what you think on this matter in the comments below.

Jamie Redman

Jamie Redman is the News Lead at News and a Florida-based financial tech journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. As of September 2015, Redman has written more than 4,900 articles for News on the disruptive protocols emerging today.

Photo credits: Shutterstock, Pixabay, Wiki Commons, Bituniverse, Coinmarketcap,

Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement for any product, service, or company. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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