September 17, 2019, 7:00AM EDT
• 2 min read

Binance holds more than $3 billion in customers' cryptocurrencies, trailed by Huobi and Bitfinex

Quick Take

  • Cryptocurrency exchanges are currently holding at least $12.4 billion in bitcoin, ether, and tether
  • Binance currently holds $3.6 billion of customer’s bitcoin, tether and ether; trailed by Huobi ($2.5 billion), Bitfinex ($1.8 billion) and Bittrex ($1.6 billion)
  • Since January, the amount of ETH held by exchanges increased by 38%, which is a much steeper increase than that of the amount of BTC (19% increase)

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here