- Leading crypto market analysis firm, Arkham Intelligence, recently published a report detailing the reserves held by major crypto exchanges such as Binance, Coinbase, OKX, and Bybit.
- This report offers investors a transparent view of the financial status and crypto asset reserves of these giant platforms.
- Here are the details…
Discover the reserves of major crypto exchanges and understand their financial status in this detailed report by Arkham Intelligence.
What’s in the reserves of crypto giants?
Arkham Intelligence, a leading analysis firm in the crypto markets, recently published a report examining the reserves held by major crypto exchanges such as Binance, Coinbase, OKX, and Bybit in detail. Binance, the world’s largest exchange in terms of trading volume, boasts a staggering asset of $209.35 billion. A significant portion of these assets is allocated to BNB token (46%) and Bitcoin (19%). USDT (13%), Ethereum (7%), and FDUSD (2%) make up the remaining large reserves. Altcoins such as SHIB, PEPE, LINK, WBETH, USDC, FDUSD, ETH, and BTC also hold a significant place in Binance.
Substantial reserves in Coinbase, OKX, and Bybit
The US-based Coinbase exchange has a total asset of $80.46 billion. Bitcoin (71%) and Ethereum (26%) make up the majority of these assets, while other assets such as LINK (1%), BNB (1%), USDC (4%), and GRT (4%) also hold a significant place. Altcoins such as LINK, BNB, USDC, and GRT are also present in Coinbase. OKX stands out with a reserve of $34.73 billion, 40% of which belongs to OKB token. Bitcoin (23%), USDT (18%), Ethereum (10%), and USDC (8%) make up the remaining significant reserves. Altcoins such as SHIB, PEPE, OP, USDT, ETH, BTC, and USDC are also present in OKX. Crypto and derivative exchange Bybit has a total asset of $11.20 billion. Bitcoin (31%), USDT (21%), MNT (18%), Ethereum (8%), and USDC (2%) make up a significant portion of these reserves. Altcoins such as MNT, SHIB, PEPE, OP, RNDR, LINK, ARB, BSC-USD, APEX, STETH, USDC, ETH, and BTC are also present in Bybit.
What are the key points of the reports?
This report contains very useful information for crypto investors. Investors can use these data to better understand which exchanges have a more robust financial situation and which assets are held by these exchanges. Some important points to draw from the report are:
- Binance is the clear leader in terms of reserves.
- Bitcoin and Ethereum stand out as the most important reserve assets for all exchanges.
- Stablecoins also rank among important reserve items.
- Some exchanges also allocate significant space to the native tokens of their platforms.
- Different altcoins also have significant reserves in Bybit, Binance, Coinbase, and OKX.
However, it should be remembered that this only provides a snapshot. The reserves of exchanges can vary over time, and therefore investors should conduct comprehensive research before making investment decisions.
Conclusion
This report by Arkham Intelligence provides a clear and detailed view of the financial status and crypto asset reserves of major exchanges like Binance, Coinbase, OKX, and Bybit. It is important for investors to understand the financial health of these platforms and the assets they hold. However, as the crypto market is highly volatile, it is crucial for investors to conduct their own research before making any investment decisions.
