Five centralized exchanges hold 10.6% of the total Bitcoin (BTC) in circulation. According to a report by data service platform Chain.info, the amount of BTC held by the crypto exchanges is over 1.96 million. The five cryptocurrency exchanges include Binance, Coinbase, Huobi, Kraken, and OKEx.
Coinbase is the exchange platform with the highest volume of 944,904 million worth of Bitcoin. The amount of Bitcoin Coinbase holds spreads across more than four million addresses.
In addition, the data service platform revealed that Huobi holds 323,665 BTC in 901,600 wallet addresses. Next on the list is Binance, with 289,961 BTC. This positions Binance as the exchange with the third-highest volume of the total BTC in circulation.
OKEx is fourth on the list with 276,184 BTC, while Kraken ends the list with 126,510 BTC. OKEx’s BTC volume spreads across 339,000 wallet addresses while Kraken’s BTC volume is in 672,000 unique addresses.
As stated by Chianalysis, about 3.7 million BTC that has not moved over the last years may be lost. This number represents another 20% of the total BTC in circulation. Also, Chain.info noted that many crypto holders had accepted the risk of keeping digital assets on centralized exchanges.
Apart from the top five exchanges, as highlighted by Chain.info, the next seven crypto exchanges collectively hold 210,000 BTC. The exchanges are Bitflyer, Bitfinex, Bittrex, Bitstamp, Coincheck, Gate.io, and Poloniex.
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