{"id":55194,"date":"2021-12-24T16:59:50","date_gmt":"2021-12-24T14:59:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55194"},"modified":"2025-09-04T00:08:31","modified_gmt":"2025-09-03T21:08:31","slug":"cryptorank-exchanges-hold-6-5-of-bitcoins-circulating-supply","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/cryptorank-exchanges-hold-6-5-of-bitcoins-circulating-supply\/","title":{"rendered":"CryptoRank: Exchanges hold 6.5% of Bitcoin\u2019s circulating supply"},"content":{"rendered":"<p>About 1.3 million BTC are held on addresses of centralised exchange platforms \u2014 6.5% of the total circulating supply. According to CryptoRank analysts, the majority of these coins (over 44%) are stored in Coinbase&#8217;s exchange wallets.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcc8Crypto Exchanges Hold 6.2% of <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> Circulating Supply<a href=\"https:\/\/twitter.com\/coinbase?ref_src=twsrc%5Etfw\">@Coinbase<\/a> \u2014 583K BTC<a href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\">@Binance<\/a> \u2014 329K BTC<a href=\"https:\/\/twitter.com\/bitfinex?ref_src=twsrc%5Etfw\">@Bitfinex<\/a>\u2014 193K BTC<a href=\"https:\/\/twitter.com\/OKEx?ref_src=twsrc%5Etfw\">@OKEx<\/a> \u2014 57K BTC<a href=\"https:\/\/twitter.com\/bitFlyer?ref_src=twsrc%5Etfw\">@Bitflyer<\/a> \u2014 48K BTC<a href=\"https:\/\/twitter.com\/BittrexExchange?ref_src=twsrc%5Etfw\">@BittrexExchange<\/a> \u2014 39K BTC<br \/>Other exchanges \u2014 67K <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a><\/p>\n<p>\ud83d\udc49<a href=\"https:\/\/t.co\/nYhYMYoYXp\">https:\/\/t.co\/nYhYMYoYXp<\/a> <a href=\"https:\/\/t.co\/itrMohLyss\">pic.twitter.com\/itrMohLyss<\/a><\/p>\n<p>\u2014 CryptoRank Platform (@CryptoRank_io) <a href=\"https:\/\/twitter.com\/CryptoRank_io\/status\/1474040221251551242?ref_src=twsrc%5Etfw\">December 23, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to CryptoRank, Coinbase wallets hold 583,000 BTC. Binance is in second place with 329,000 BTC (nearly 25% of the circulating supply), and Bitfinex is third with 193,000 BTC (16.63%).<\/p>\n<p>Analyst reports indicate a decline in CEX balances over the past two years. In July 2021, their wallets held 1.53 million BTC (7.3% of the supply), in October 2020 \u2014 1.76 million BTC (9.5%).<\/p>\n<p>Glassnode data confirm this trend, though numbers across services vary widely. According to the latest, more than 2.54 million BTC are held in centralised exchange wallets. The figure corresponds to the autumn 2018 level.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-balance-on-exchanges-all-exchanges-1024x576.png\" alt=\"CryptoRank: \u043d\u0430 \u043a\u0440\u0438\u043f\u0442\u043e\u0431\u0438\u0440\u0436\u0430\u0445 \u0441\u043e\u0441\u0440\u0435\u0434\u043e\u0442\u043e\u0447\u0435\u043d\u043e 6,5% \u043e\u0442 \u0440\u044b\u043d\u043e\u0447\u043d\u043e\u0433\u043e \u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0435\u043d\u0438\u044f \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430\" class=\"wp-image-160058\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-balance-on-exchanges-all-exchanges-1024w.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-balance-on-exchanges-all-exchanges-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-balance-on-exchanges-all-exchanges-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-balance-on-exchanges-all-exchanges-1536x864.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_bitcoin-balance-on-exchanges-all-exchanges.png 1800w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=Favorites&#038;m=distribution.BalanceExchanges&#038;s=1482672082&#038;u=1640352082&#038;zoom=1825\">Glassnode<\/a>.<\/figcaption><\/figure>\n<p>A similar outflow of funds is observed for Ethereum addresses on centralised exchanges. According to Glassnode, their balances stand at 14.27 million ETH \u2014 a figure last seen in November 2018.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_ethereum-balance-on-exchanges-all-exchanges-1024x576.png\" alt=\"CryptoRank: \u043d\u0430 \u043a\u0440\u0438\u043f\u0442\u043e\u0431\u0438\u0440\u0436\u0430\u0445 \u0441\u043e\u0441\u0440\u0435\u0434\u043e\u0442\u043e\u0447\u0435\u043d\u043e 6,5% \u043e\u0442 \u0440\u044b\u043d\u043e\u0447\u043d\u043e\u0433\u043e \u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0435\u043d\u0438\u044f \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430\" class=\"wp-image-160059\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_ethereum-balance-on-exchanges-all-exchanges-1024w.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_ethereum-balance-on-exchanges-all-exchanges-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_ethereum-balance-on-exchanges-all-exchanges-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_ethereum-balance-on-exchanges-all-exchanges-1536x864.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/glassnode-studio_ethereum-balance-on-exchanges-all-exchanges.png 1800w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=ETH&#038;category=&#038;m=distribution.BalanceExchanges&#038;s=1482672571&#038;u=1640352571&#038;zoom=1825\">Glassnode<\/a>.<br \/><\/figcaption><\/figure>\n<p>Since Bitcoin&#8217;s creation <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-on-chain-value-transferred-reaches-8-89-trillion\">the volume of value transferred through its blockchain has reached $8.89 trillion<\/a>. In this metric, the total value of the <span data-descr=\"coins acquired at a lower price before being transferred to another address\" class=\"old_tooltip\">\u201cprofitable coins\u201d<\/span> amounted to $5.1 trillion, and the \u201cunprofitable\u201d ones \u2014 $3.79 trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>About 1.3 million BTC are held on addresses of centralised exchange platforms \u2014 6.5% of the total circulating supply. According to CryptoRank analysts, the majority of these coins (more than 44%) are stored in Coinbase exchange wallets.<\/p>\n","protected":false},"author":1,"featured_media":55195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1166,46],"class_list":["post-55194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-centralized-exchanges-cex","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55194","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=55194"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55194\/revisions"}],"predecessor-version":[{"id":55196,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55194\/revisions\/55196"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/55195"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=55194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=55194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=55194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}