Coinbase is the largest bitcoin holder among exchanges, followed by Huobi and Binance
June 1, 2020, 8:51AM EDT
1 min read
Cryptocurrency exchanges hold around 3.08 million bitcoins on their customers’ behalf, nearly 16.5% of the total supply of 21 million, according to research conducted by The Block’s Larry Cermak.
While the absolute amount looks large, the percentage figure is down by 10% since February 9 when exchanges held around 3.43 million bitcoins, representing nearly 19% of the total supply.
Notably, Coinbase is the largest bitcoin holder, having around 984,300 BTC in its wallets. Coinbase is followed by Huobi (413,000 BTC), Binance (318,000 BTC), OKEx (268,000 BTC), and BitMEX (217,000 BTC).
Source: The Block, bitUniverse, chain.info, Glassnode Peckshield, BitFury, BitcoinWhosWho
The Block analyzed data from different sources, including bitUniverse, chain.info Glassnode, Peckshield, BitFury and BitcoinWhosWho, to find the most accurate amount of bitcoins held by crypto exchanges.
Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency.
The Canadian Securities Administrators, an umbrella group for securities regulators in the country, alongside a self-regulatory organization for the investment industry, has released new guidance for crypto exchanges on the use of social media as well as advertising and marketing.
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