CryptoSlate analysts examined the detailed proof-of-reserves of leading crypto exchanges outside of Coinbase and Binance. It revealed that Bitfinex holds the most significant Bitcoin (BTC) reserves, with $3.5 billion worth of BTC.
The data was obtained on Dec. 16 from OKX, KuCoin, Crypto.com, ByBit, Binance, BitMEX, and Bitfinex. OKX follows Bitfinex with the second largest BTC pool with more than $1.5 billion in BTC, while Binance comes as the third with just above $5 billion in BTC. BitMEX places fourth, with just over $1 billion in BTC. Crypto.com, ByBit, and KuCoin came as the fifth, sixth and seventh with $700 million, $370 million, and $300 million, respectively.
Reserves in billions
Bitfinex, OKX, Binance, and BitMEX calculate their reserves in billions. Amongst all exchanges included in this analysis, Bitfinex emerged as the exchange that held significantly more BTC than the other six that released their proof-of-reserves.
Bitfinex
According to the numbers, Bitfinex entered the
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