Cryptocurrency analysis firm Arkham Intelligence has released its latest ranking of the world’s largest cryptocurrency holders.
Accordingly, Arkham’s list includes the world’s largest exchanges, institutions, major protocols, companies and early adopters of cryptocurrencies.
According to Arkham’s data, these whales control a total of approximately $1.6 trillion in cryptocurrencies.
Binance, Coinbase, and Satoshi Nakamoto led the list, with Binance topping the list with over $209 billion in cryptocurrency assets.
Following closely behind Binance is Coinbase, the largest crypto exchange in the US with over $155 billion in crypto assets.
Satoshi Nakamoto, the pseudonymous creator of Bitcoin, came in third with over $125 billion in Bitcoin assets.
The list was continued by the largest asset manager BlackRock, Lido Dao, MicroStrategy, Fidelity, Garyscal, Upbit and Aave.
Arkham listed the top 10 cryptocurrency holders as follows:
“1. Binance (Exchange): $209,190,433,163
2. Coinbase (Exchange): $155,807,802,869
3. Satoshi Nakamoto (Bitcoin Creator): $125,067,063,447
4. BlackRock $100,771,508,836
5. Lido (DeFi protocol): $69,858,938,710
6. MicroStrategy (BTC treasury company): $53,207,675,229
7. Fidelity Custody: $47,457,488,716
8. Grayscale: $34,099,310,568
9. Upbit (Exchange): $32,801,937,080
10. Aave (DeFi protocol): $31,573,286,048
Next on the list are governments, with the US holding approximately $23 billion worth of cryptocurrency, while the UK has approximately $6.9 billion.
Besides Binance and Coinbase, cryptocurrency exchanges OKX, Kraken and Bitfinex hold over $30 billion worth of cryptocurrencies, while Robinhood holds over $26 billion worth of cryptocurrencies.
*This is not investment advice.