1 year ago
Blockchain analytics steadfast Nansen has released an overview of large cryptocurrency exchanges’ onchain plus holdings and portfolios successful the aftermath of FTX’s collapse.
The illness of cryptocurrency speech FTX has enactment manufacture peers nether the microscope with calls for transparent accounts of token holdings and assets nether management.
Major cryptocurrency exchanges similar Binance, Huobi, OKX and Crypto.com person made efforts to stock details of their assets and portfolios to assuage the wider space. This comes aft capitalist assurance has been shaken, with users crossed the ecosystem moving Bitcoin (BTC) and different tokens disconnected exchanges to debar imaginable contagion from the FTX fallout.
Blockchain analytics level Nansen provides manufacture insights and is known for its wallet labeling features that way addresses crossed aggregate blockchains. In a bid of Tweets posted connected Nov. 15, Nansen listed 7 large exchanges, their applicable portfolios and explanatory statements of accounts.
Related: Bitfinex CTO releases impervious of reserves amid FTX bankruptcy fiasco
The assets and nett worthy of the exchanges is the sum of holdings successful wallet addresses provided by the firms connected blockchains that Nansen monitors. The analytics level besides notes that the figures are not an “exhaustive oregon implicit connection of the existent assets/reserves held.”
The exchanges accounted for see Binance, Crypto.com, OKX, KuCoin, Deribit, Bitfinex and Huobi.
Binance, wide regarded arsenic the largest planetary speech by transaction volume, holds astir $64.3 cardinal worthy of assets crossed the Bitcoin, Ethereum, TRON and BNB blockchains. This eclipses the different exchanges by a important amount.
— Nansen (@nansen_ai) November 15, 2022Bitfinex has the 2nd largest plus holdings successful reserve of the 7 exchanges according to information provided by the company. $8.23 cardinal of assets are held crossed the Bitcoin, Ethereum, Polygon, TRON, Solana, Acala, Avalanche, Cosmos, Fantom, Near, Terra and Terra Classic blockchains.
— Nansen (@nansen_ai) November 15, 2022Huobi's assets magnitude to a traced $3.3 cardinal crossed 8 antithetic chains. OKX reportedly holds $5.84 cardinal successful cryptocurrency assets crossed the Bitcoin, Ethereum, Polygon, Arbitrum, TRON and Avalanche blockchains.
— Nansen (@nansen_ai) November 15, 2022Crypto.com holds an estimated $2.36 cardinal successful assets crossed 7 chains. KuCoin addresses relationship for $2.65 cardinal successful assets connected 8 antithetic blockchains and Deribit holds astir $1.46 cardinal worthy of assets connected the Bitcoin, Ethereum and Solana blockchains.
Nansen co-founder and CEO Alex Svanevik told Cointelegraph that the steadfast is readying to people preliminary findings connected the FTX concern this week. Nansen previously unpacked onchain findings after the cataclysmic illness of the Terra ecosystem successful May 2022.
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