This Is The Crypto Exchange That Has The World's Largest Bitcoin And Ethereum Reserves

List of crypto companies that have the most bitcoin and ethereum in the world. (Photo; Doc. Itsmoney)

JAKARTA - The world's leading crypto exchanges such as Binance, Coinbase, and Bitfinex are experiencing changes in terms of crypto reserve funds for bitcoin (BTC) and ether (ETH). Data from Cryptoquant.com shows that bitcoin reserves on the exchange increased by 1.55 percent in the past month, while ether reserves decreased by 1.85 percent.

Based on data quoted on January 4, 2024, the crypto exchange stores 2,090,164 BTC, worth 91.95 billion (IDR 1,429.5 trillion). This number is up 32,058 BTC, worth $1.4 billion (IDR 21.7 trillion), from December 4, 2023, when the exchange stores 2,058,106 BTC.

Binance, Coinbase, and Bitfinex are the three crypto exchanges with the largest bitcoin reserves. Nansen's analysis shows that Binance has 555,700 BTC worth $24.43 billion (Rp 379.2 trillion). While Coinbase has 412,467 BTC worth $18.11 billion (Rp 281.1 trillion). Then Bitfinex has 390,050 BTC valued at $117.12 billion (Rp 265.8 trillion). All three of these exchanges control 64.98 percent of the total bitcoin reserves on the exchange.

In contrast, ether reserves on the stock exchange have decreased in the past month. Cryptoquant.com data shows that crypto exchanges store 13,963,598 ETH, worth $31.83 billion (IDR 494.1 trillion). This number is down 262,904 ETH, worth $597.42 million (IDR 9.3 trillion), from December 4, 2023, when the exchange stores 14,226,502 ETH.

Binance, Huobi Global, and Kraken are the three crypto exchanges with the largest ether reserves. Nansen's analysis shows that Binance has 3,341,388 ETH, worth $7.61 billion (IDR 118.1 trillion). Huobi Global has 2,466,674 ETH, worth $5.62 billion (IDR 87.2 trillion). Kraken has 2,314,654 ETH worth $5.27 billion (IDR 81.8 trillion). All three exchanges control 59.08 percent of the total ether reserves on the exchange.

Apart from bitcoin and ether, crypto exchanges also store stablecoin tokens from the Ethereum network, ERC20. Stablecoins are crypto assets whose value follows the US dollar value. Cryptoquant.com data shows that crypto exchanges store 18.76 billion stablecoin ERC20 tokens, worth $18.76 billion (Rp291.2 trillion). This number is up $970 million (Rp 15 trillion), from December 4, 2023, when the exchange stores 17.79 billion ERC20 token stablecoins.

Binance, Coinbase, and Huobi Global are the three crypto exchanges with the largest ERC20 stablecoin reserves. Nansen's analysis shows that Binance has 9.49 billion stablecoin ERC20 tokens, worth $9.49 billion (Rp 147.3 trillion). Coinbase has 3.29 billion stablecoin tokens worth about $3.29 billion (Rp 51.1 trillion).

Then, Huobi Global owns 2.12 billion stablecoin ERC20 tokens, worth $2.12 billion (Rp 32.9 trillion). These three exchanges control 79.77 percent of the total ERC20 stablecoin reserves on the stock exchange.