Coinbase Leads Over Other Exchanges In Holding 956K Bitcoin

Coinbase leads over some of the largest crypto exchanges in terms of holding bitcoin since the platform reportedly has about 956K BTC which is the biggest amount compared to the others as per the recent reports that we have in our Coinbase news today.

The largest US-based crypto exchange Coinbase leads alone in the interesting statistics regarding the bitcoin storage. Built-in 2012, the exchange managed to accumulate over 960K BTC over the years. When bitcoin reached $7,250 a day ago, the amount that Coinbase reached up to $7 billion. BitMEX is the closest to Coinbase with more than 265K of bitcoins which is slightly less than $2 billion.

Bitstamp is in the third position since it holds up to 229K bitcoins and also 26K Ethereum. This means that the total amount that is stored on Bitstamp in US dollars reaches up to $1.66 billion at the time of writing. Further down the list is Bitfinex at $1.48B, Kraken with $1.33B, Coincheck with $256M and Poloniex at $166M.

Poloniex seems to be on a downtrend in other aspects as well. As previously reported, the users don’t store large portions of Ethereum on the exchanges and it seems that the exchange has the most significant decrease as well. So far, the trading volume goes on crypto exchanges and the numbers that can be seen from the application are somewhat different. Bitcoin Margin Trading exchange and BitMEX are now using the first spot with a total daily trading volume which surpassed the $2 billion mark as per the recent charts.

The exchanges now allow trading of Futures contacts and are the most widely used. Binance has about $842 million of trading volume which comes in the second position and Huobi Global is third with $644 million. The highest-ranked exchange that doesn’t provide Futures trading is BitMart at $607M and then Okex with $601M.

As per the previous reports, Coinbase secures a new patent, and we can see that the system works to assess whether the purportedly non-compliant accounts are good or bad. Their classification is entered into a feedback system and the system decides whether or not to close the account.