Crypto exchanges with most valuable crypto-assets in the world – Nairametrics

As the crypto industryevolvesat a rapid pace, few cryptocurrency exchanges stand outfromthe manyhundreds ofcryptoexchangesavailablebasedonthe total value of crypto assets in dollar terms held on theirexchanges.

Data fromPeckShield, a securityblockchaincompany,revealed thatasatJune 30, 2020, the global digital asset exchange asset balance rankings (in terms of BTC+ETH+USDT assets converted into US dollars) are:

CoinbaseExchange, withtotal assetsvalued at$11.1 billion, rankingthefirst place.

HuobiExchange total assets of$5.79 billion, ranked second.

BinanceExchange total assets of$3.45 billion US dollars, ranked third,

Bitfinextotal assets of$2.99 billion, ranked fourth, and

OKExTotal assets of$2.52 billion ranked fifth,

Get research data from Nairametrics on Nairalytics

BitMEX, Kraken,Germini,mtGox,Bittrex. ranked sixth to tenthrespectively.

Quick fact:Crypto exchanges are simply exchanges orplatforms that facilitate the exchange of onecryptocurrency for another, the buying and selling of crypto assets, and most times the use of normal cash(fiat currencies)in exchange for a digital coin or cryptocurrency.Crypto exchangesalso help in determining the rate of these cryptocurrencies, based on demand and supply mechanisms.

In addition, taking into consideration the number of BTC & ETH addresses,onlyCoinbaseranked first with a total of 18.52 million addresses,Binanceranked second with a total of 5.42 million addresses,Bittrexranked third with a total of 3.23 million addresses,Bitstampranked fourth with a total of 3.19 million addresses, andHuobiranked thefifth, witha total of 1.93 million addresses.

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This nearly 100 million in the address label, contains BTC address 60 Wan +, ETH address 30 Wan +, which the Exchange address labels nearly 53 million, accounting for over 75% of total coverage, including Huobi, Binance, OKEx, Coinbase Hundreds of exchanges including ZB, Bitfinex, Bitstamp, Poloniex,Bithumb, Gate.io,Upbit, KuCoin, and other head exchanges.

Recall that about a month ago,Nairametrics reported thefour biggestcryptoexchanges since 2018 (Coinbase, Binance,Huobi, andBitfinex) that received about 40% of all BTCs via exchanges this year.

The next ten crypto exchanges collected 36% in a combined volume of BTCs,leaving other smaller exchanges to share the remaining 24% of transfer volume.

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It should be noted that the process of finding the address of the exchange has a certain complexity. We first need to collect a part of the deposit and withdrawal addresses as seed addresses, and then use the Cerberus tool on the chain to crawl and store large amounts of related addresses. At the same time, we will also conduct the necessary off-chain verification of the mined addresses to ensure the accuracy of the addresses.

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Crypto exchanges with most valuable crypto-assets in the world - Nairametrics