Binance Reveals Holdings Data of 6 Coins Totaling Over $70 Billion

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• Binance has a total of $70 billion worth of cryptocurrencies.
• Coinbase (NASDAQ:COIN) (with $27 billion) and Bitfinex (with $20 billion) are the subsequent largest holders.
• Despite the current bear market, Binance possesses 475,000 (BTC).

Binance, the largest crypto exchange in the world, has made its cold wallet addresses available to the public. This change is a result of Binance’s abiding commitment to transparency.

#Binance published cold wallet addresses and balances for 6 of our 600 coins. More to come. 475K BTC4.8M ETH17.6B USDT21.7B BUSD601M USDC58M BNBThese were public before anyway, but organized together for your ease of viewing.https://t.co/Jm6dVoDqM5

— CZ Binance (@cz_binance) November 10, 2022

For now, the cryptocurrencies for which Binance has released data include Bitcoin (BTC), Ethereum (ETH), Binance Smart Chain (BSC), Binance Coin (BNB), and Tron (TRX).

The list of cryptocurrencies held by Binance totals $70 billion, making it the largest holder of any exchange in the world. Coinbase (with $27 billion) and Bitfinex (with $20 billion) are the subsequent largest holders.

Despite the current bear market, Binance still holds an astounding 475,000 Bitcoins (BTC), according to the exchange’s public figures. Around $7.89 billion is the estimated value of all the Bitcoins held by Binance.

Binance’s holdings data is significant because it sheds light on the exchanges that are currently leading the way in terms of market capitalization.

The exchange also offers a valuable service to its customers, allowing them to trade between different cryptocurrencies easily.

The amount of ether (ETH) is 4.8 million, distributed among different wallets. Prices for ETH have fallen by 21% in just seven days. The total amount of Ether held by Binance is currently worth about $5.79 billion.

Binance holds $17.6 billion worth of USDT, $21.7 billion worth of BUSD, and $601 million worth of USDC. There is currently over $40 billion worth of stablecoins in its vaults.

Following the revelation of this information, Changpeng Zhao (CZ) clearly stated that this information exclusively relates to the past wallet addresses and balances of 6 out of 600 coins. More data will be published soon by the exchange.

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