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Crypto Giants: Coinbase Dominates, Others Lag
30 Oct
Summary
- Coinbase holds 68% of total assets among top 10 exchanges.
- Coinbase and Binance account for 89% of total assets.
- Eight smaller exchanges hold less than $34 billion combined.
Coinbase leads the cryptocurrency exchange market by total assets, holding $206.98 billion, which accounts for approximately 68% of the combined assets of the top 10 exchanges. This figure dwarfs its closest competitor, Binance Holdings, which holds $64.33 billion.
Together, Coinbase and Binance represent 89% of the total assets within SWFI's ranking. The subsequent eight exchanges collectively hold only about $33.9 billion, a sum less than half of Binance's individual asset total.
Below the top two, no other exchange surpasses $10 billion in assets. FTX, Bitfinex, and OKEx.com rank third, fourth, and fifth respectively, with assets ranging from $9.58 billion down to $5.84 billion.
The remaining exchanges, ranked sixth through tenth, each hold less than $3 billion. These include KuCoin Exchange, Crypto.com, Bybit, Bittrex, and Deribit, with Deribit having the smallest asset total at $1.46 billion.
