Binance controls almost 3% of Bitcoins  

According to the portal ‘top-100-richest-bitcoin-addresses’, which tracks the 100 largest cryptocurrency wallets, 535,945 bitcoins worth more than $10.9 billion have been accumulated on the addresses of the largest cryptocurrency exchange Binance, or 2.8% of the total supply of the leading cryptocurrency. 

Binance increases Bitcoin balances as the market falls

Amid the declining cryptocurrency market, the Binance exchange increased its balances in Bitcoin by more than 45,000 Bitcoins. The movement of Bitcoins through the exchange’s wallets can be independently studied using the blockchain explorer.

The most significant cold wallet has not changed in recent months. On the contrary, it replenished during last year’s first half. It currently holds over 252,000 Bitcoins worth over $5.1 billion.

The second largest cryptocurrency wallet, Binance, has over 125,000 bitcoins on its balance sheet, totalling over $2.5 billion.

The third Binance wallet holds over 101,000 Bitcoins worth over $2 billion.

And the fourth wallet holds more than 54,000 Bitcoins worth more than $1.1 billion.

Binance and other cryptocurrencies

Beyond Bitcoin, Binance owns large volumes of other cryptocurrencies as well.

For example, three of the top ten most extensive DOGECOIN addresses belong to Binance. In total, they have accumulated more than 11.5 billion DOGE for almost $700 million, which is 8.6% of the entire issue of this coin. On the other hand, the Robinhood broker only holds more DOGE meme coins.

Binance also owns almost 3 million Ethereum, which is 2.43% of the issue of the second largest cryptocurrency by capitalization, and 745 thousand Litecoin, or 1.06% of the total subject of this coin.

All of the above again convincingly demonstrates to us that Binance can earn on any market and not just on the commissions of its clients.

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