{"id":30121,"date":"2020-10-15T09:59:23","date_gmt":"2020-10-15T06:59:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30121"},"modified":"2025-08-27T20:40:09","modified_gmt":"2025-08-27T17:40:09","slug":"more-than-10-of-bitcoin-in-circulation-held-on-five-centralized-exchanges","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/more-than-10-of-bitcoin-in-circulation-held-on-five-centralized-exchanges\/","title":{"rendered":"More than 10% of Bitcoin in circulation held on five centralized exchanges."},"content":{"rendered":"<p>Five major centralized exchanges hold about 10.6% of the circulating Bitcoin supply, according to <a href=\\\"https:\/\/chain.info\/\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">Chain.info<\/a>.<!--more--><\/p>\n<p>\\n<\/p>\n<p>Collectively, Coinbase, Huobi, Binance, OKEx and Kraken hold more than 1.96 million BTC.<\/p>\n<p>\\n<\/p>\n<div id=\\\"attachment_113322\\\" style=\\\"width: 406px\\\" class=\\\"wp-caption aligncenter\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-113322\\\" class=\\\"wp-image-113322 size-full\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-95.jpg\\\" alt=\\\"More than 10% of Bitcoin's circulating supply is stored on five centralized exchanges\\\" width=\\\"396\\\" height=\\\"364\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-95.jpg 396w, https:\/\/u1f987.com\/wp-content\/uploads\/1-95-300x276.jpg 300w\\\" sizes=\\\"auto, (max-width: 396px) 100vw, 396px\\\" \/><\/p>\n<p id=\\\"caption-attachment-113322\\\" class=\\\"wp-caption-text\\\">Source: Chain.info.<\/p>\n<\/div>\n<p>\\n<\/p>\n<p>Coinbase leads by a wide margin. At the time of writing, 4.39 million wallets hold 944,904 BTC.<\/p>\n<p>\\n<\/p>\n<p>Huobi stores 323,665 BTC across 901,500 addresses, Binance \u2014 289,961 BTC across 2.68 million wallets.<\/p>\n<p>\\n<\/p>\n<p>The second quintet of the top ten exchanges by the volume of stored Bitcoin holds 271,309 BTC.<\/p>\n<p>\\n<\/p>\n<p>Earlier, Chainalysis specialists concluded that 3.72 million issued bitcoins are likely irretrievably lost. Taking this into account, nearly 15% of available BTC are stored on five exchanges.<\/p>\n<p>\\n<\/p>\n<p>Coin Metrics researchers <a href=\"https:\/\/u1f987.com\/en\/news\/coin-metrics-arrest-of-two-of-bitmexs-three-founders-could-have-led-to-withdrawal-problems\">found<\/a> that, in the event of arrest of two of the three BitMEX founders, users would not be able to withdraw bitcoins from the exchange. On October 1, BitMEX co-founder Samuel Reed <a href=\"https:\/\/u1f987.com\/en\/news\/cftc-sues-bitmex-and-its-founders\">was arrested<\/a> in the United States; a few days later he <a href=\"https:\/\/u1f987.com\/en\/news\/bitmex-cto-samuel-reed-released-on-5-million-bond\">was released<\/a> on bail of $5 million.<\/p>\n<p>\\n<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Five major centralized exchanges hold about 10.6% of the circulating Bitcoin supply, according to Chain.info.<\/p>\n","protected":false},"author":1,"featured_media":30122,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166],"class_list":["post-30121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30121"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30121\/revisions"}],"predecessor-version":[{"id":30123,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30121\/revisions\/30123"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30122"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}