This quantity considerably outperforms Binance over the following 9 exchanges mixed in a number of classes, in line with portfolio information obtained from Arcams. blockchain Evaluation platform. This rating, recorded on July 6, 2026, is predicated on real-time pockets balances slightly than self-reported numbers, offering beneficial data that enables merchants to see precisely what’s behind every trade’s reserves.
Such numbers are hardly ever scrutinized past the headline sum. bitcoin dot com In Information, we dug into the wallet-level breakdown behind eight main exchanges to see how their totals are literally made up, and the reply is way totally different than most individuals would guess.
Binance
Binance’s $130.1 billion battle chest begins with Bitcoin. The trade holds 673,071 $BTC It’s valued at $42.8 billion, greater than some other trade tracked on this assessment. However the actual story is one line away. Binance holds 40.98 billion $USDT, steady coin Nice steadiness that makes it look small Market capitalization Most out of the highest 20 cryptocurrency Full your property.
Add 7.68 billion $USDC A further roughly $6 billion is unfold throughout USD1 and USYC, giving Binance almost $58 billion in dollar-pegged tokens alone. That Ethereum place additionally tells its personal story. Between 4.09 million $ETH Binance’s complete Ether publicity is about to exceed $13.8 billion. Arkham’s Explorer tracks 64.4 million addresses related to exchanges. Just one different platform on this assessment matches this footprint.
coinbase
Coinbase has $87.96 billion in tracked property. Bitcoin975,503 objects $BTC It’s valued at $62.03 billion and represents greater than 70% of the trade’s general portfolio. What makes Coinbase totally different from Binance is what occurs subsequent. Coinbase holds 4.146 million $ETH Value $7.41 billion, greater than Binance’s native firm $ETH Coinbase goals to turn out to be the biggest single proprietor of Ethereum among the many exchanges talked about on this editorial.
As a lot as $11.69 billion was traded on the trade. $USDCCircle’s steady coinan excellent smaller place Solana ( sol), Chainlink (LINK), and a exceptional 1,181,000 zcash ($ZEC) stake Value $531.07 million. Arkham lists 68.5 million addresses linked to Coinbase, the biggest variety of addresses on this complete assessment.
OKX
OKX has $23.21 billion in tracked property and in contrast to Binance and Coinbase, there isn’t a most wager. Bitcoin. OKX’s most place is 9.337 billion $USDTprice $9.34 billion over 124,316 $BTC A stack price $7.92 billion.
The trade closed with the very best variety of shares held at 1,193,000 shares. $ETH Equal to $2.13 billion, complete price $1.45 billion $USDC and USDG. Arkham tracked 29.4 million addresses linked to OKX on July 6, 2026.
up bit
Korea’s largest cryptocurrency Change Upbit has monitoring property of $19.12 billion, Bitcoin I do heavy lifting. The Seoul-based trade holds 188,366 $BTC It’s valued at $11.97 billion, almost two-thirds of the whole portfolio.
Behind them are 1.713 million individuals $ETH $3.06 billion price and retail-flavored Dogecoin tail ($Doge) and Shiba Inu ( $SHIB), alongside the Ondo Finance token, which exhibits an energetic Korean commerce base chasing each meme coin and tokenized real-world property ( RWA). Arkham tracks 2.6 million addresses related to Upbit.
robin hood
Robinhood has $18.6 billion in tracked property led by 189,849 individuals. $BTC price $12.07 billion, price $1.672 million $ETH Value $2.99 billion. What makes Robinhood totally different is that identical nook publicity.
middleman’s cryptocurrency arm holds 27.886 billion $Doge Along with the biggest Dogecoin place of any trade within the prime eight, price $2.14 billion, $SHIB Stack and 38,616 billion PEPE tokens are barely registered anyplace on this checklist. Regardless of having billions of {dollars} in reserves, Arkham has the smallest footprint on this examine, monitoring just one.6 million addresses related to Robinhood.
bitfinex
Bitfinex is led by 163,598 individuals with monitoring property of $18.59 billion. $BTC Value $10.42 billion. Nonetheless, Bitfinex’s second largest holding just isn’t Ethereum ( $ETH).
That is LEO, the trade’s personal token, and its place is price $6.18 billion, greater than seven occasions Bitfinex’s 470,476. $ETH stack. Bitfinex additionally holds 53,222 XAUT tokenized. gold It’s price $220.96 million, however just isn’t held in any significant dimension on some other trade on this assessment.
kraken
Kraken has tracked property of $16.11 billion led by 163,033 individuals. $BTC price $10.37 billion and $962,974 $ETH Value $1.72 billion. Kraken maintains diversification steady coin throughout the guide $USDC and $USDThowever the excellent particulars are 396,027 $ZEC Value $178.03 million, zcash’s place makes it one of many solely main exchanges to carry Kraken alongside Coinbase. privateness coin By way of dimension.
In all, Arkham tracks 7.1 million addresses related to Kraken.
Bybit
Bybit has trailing property of $13.99 billion, led by $4.414 billion. $USDT price $4.41 billion and $60,013 $BTC Value $3.82 billion.
The third-largest place, with 2.517 billion MNT, is the native token of the Mantle community, price $1.11 billion, a series carefully tied to the Bybit ecosystem. Arkham tracks 17.4 million addresses linked to Bybit.
What this implies for merchants
For merchants and buyers monitoring the well being of an trade, the largest sign is focus threat. All eight exchanges maintain a minimum of 40% of their reserves in Bitcoin, Ethereum, or main stablecoins, indicating that the majority platforms, no matter their dimension or regional base, nonetheless depend on the identical three asset classes.
The variety of addresses tracked by Arkham additionally exhibits the distinction between attain dimension and reserve dimension. Coinbase and Binance lead with 68.5 million and 64.4 million addresses, respectively, however Robinhood holds the least variety of addresses within the group at 1.6 million, regardless of rating fifth in complete.
This distinction exhibits that the dimensions of greenback holdings and consumer bases are usually not transferring in lockstep throughout the trade, and is price noting as exchanges compete for each liquidity and market share for the following stage of the cycle. For merchants seeking to decide the place the actual cash is, the totals are solely a part of the story. What every trade chooses to carry and the way concentrated these holdings are will decide the remaining exchanges.
