Coinbase, Binance, Kraken, Huobi, and OkEx are currently in control of over 1.95 million Bitcoin. This number is quite alarming as they are on the verge of controlling almost 2 million Bitcoin in the Bitcoin market.
Amongst the five platforms, Coinbase still holds the highest number standing out, with a total of 944,905 Bitcoin recognized in over 4.38 million wallet addresses.
Credit: Chain.info
Major Updates:
- Coinbase ranks first amongst the top 5 platforms, while other platforms follow with a recognizable bitcoin spreading across many wallets.
- Huobi ranks second with over 320K BTC, followed by Binance with close to 290K BTC.
- OkEx and Kraken are ranked 4th and 5th, with both exchanges holding a total of 402694 BTC.
- From the data collated, users still accept the security terms and conditions that come with exchanges holding their cryptocurrencies.
The five platforms are on the verge of taking over the Bitcoin market. The 3.7 million Bitcoin estimated by Chainalysis tagged to have been lost might boost the Bitcoin controlled by these top 5 platforms.
What do you think about the BTC dominance by these top five exchanges? Let's discuss in the comments.
Source: Cointelegraph
