June 1, 2020, 6:19AM EDT
• 2 min read

Despite the recent decline, exchanges still hold more than 16% of all bitcoins

Quick Take

  • Exchanges hold roughly 3.08 million BTC on behalf of customers, which is 16.5% of all available bitcoins
  • The amount is down by 10% since February 9 when exchanges held as much as 3.43 million BTC (nearly 19% of the available supply)
  • Coinbase holds by far the most  of all exchanges – 984.3k BTC, which is 5.4% of all BTC in circulation

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