Nearly $10 billion in bitcoin is stored on only 8 crypto exchanges

Nearly $10 billion in bitcoin is stored on only 8 crypto exchanges.

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Christian Ploog

christian.ploog@trijo.co

Among the crypto exchanges, Singapore-based Huobi has the most bitcoin, according to new data.

The amount of cryptocurrencies in digital wallets on the world’s crypto exchanges is constantly increasing.

In fact, almost seven percent of all bitcoin that is in circulation is stored in wallets at only eight major crypto exchanges.

This is according to data that crypto personality The Token Analyst has produced.

1.2 million coins

According to the data, there are close to 1.2 million digital coins in the wallets of the crypto exchanges.

According to Cointelegraph, it is almost $10 billion in bitcoin.

“Exchanges are the biggest hodlers”, The Token Analyst writes on Twitter.

Huobi at the top

Among the crypto exchanges, Singapore-based Huobi has the most bitcoin, according to the data.

In second and third place we find Binance and Bitmex, Cointelegraph writes.

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