Binance, OKX, Bitfinex Are the Top 3 CEXs by Digital Assets Held

Data from DefiLlama, a blockchain data aggregation platform, shows that the top three centralized exchanges (CEXs) by assets held are Binance, OKX, and Bitfinex. As posted by Lookonchain on X (formerly Twitter), the smartmoney on-chain platform, the total digital assets held by Binance amount to $66.917 billion. OKX holds $12.413 billion, while Bitfinex holds $11.746 billion to complete the top three CEXs in digital assets holding.

According to #Defillama, #Binance holds $66.917b assets:
$20.578b BTC
$18.84b USDT
$8.085b WETH/ETH
…#OKX holds $12.413b assets:
$5.2b USDT
$4.827b BTC
$1.95b WETH
…#Bitfinex holds $11.746b assets:
$7.69b BTC
$2.596b LEO
$0.77b WETH
…https://t.co/Lrl0bTwxIF pic.twitter.com/OVKm2vG6Tf

— Lookonchain (@lookonchain) November 30, 2023

Notably, Bitcoin dominated the volume of assets held in two of the three top CEXs, while Tether (USDT), the flagship stablecoin, topped the assets held on the other. The volume of Bitcoins held on the Binance exchange totaled $20.578 billion, representing 30.75% of the digital assets on the leading crypto exchange.

As of the time of reporting, DefiLlama’s data showed that OKX held $4.827 billion in Bitcoins, reflecting 38.89% of the total assets held on the trading platform. Tether dominated the digital assets volume held on OKX with a volume of $5.2 billion and a market share of 41.89%.

Bitcoin represents the dominant digital asset on Bitfinex by claiming 65.47% of all assets held on the crypto exchange. Bitcoins held on Bitfinex as of the time of writing amounted to $7.69 billion, while LEO, with a volume of $2.596 billion, representing a 22.1% market share, is the second-highest digital asset held on Bitfinex.

It is important to note that data from DefiLlama showed a negative inflow in digital assets on all the top three crypto exchanges in the last 24 hours. According to information on the data aggregation platform, $327.85 million was withdrawn in digital assets from Binance 24 hours before this report. The volume on OKX dropped by $17.01 million, while Bitfinex users pulled out $42 million in digital assets from the trading platform.

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