Centralized crypto exchanges (CEXs) keep showing notable imbalances when it comes to asset distribution. Specifically, Binance, OKX, and Bitfinex are the top cryptocurrency exchanges in terms of cumulative assets across tracked wallets.
As per the data from DefiLlama, the other notable platforms include Bybit, Robinhood, Bitget, MEXC, and Gemini. Particularly, the huge asset concentration within the platform of Binance underscores its commanding position in the crypto sector.
Binance Dominates Centralized Crypto Exchanges with $138B in Total Assets
Binance is top among the crypto exchanges in terms of cumulative assets tracked on its on-chain wallets. The crypto exchange now accounts for a staggering $138B in cumulative assets. Thus, it accounts for almost 64% of the overall tracked assets across centralized exchanges. Simultaneously, this figure places Binance at a 6.4x higher position in comparison with the combined figure of the other top centralized exchanges, $77.4B.
Subsequently, OKX is the 2nd top centralized crypto exchange based on total assets. In this respect, it reportedly accounts for a cumulative $21.6B. This figure is notably lower in comparison with Binance. Following that comes another noteworthy player in the world of centralized exchanges, Bitfinex. Hence, coming just after OKX, the crypto exchange’s total assets equal $16.8B.
Robinhood, Bitget, MEXC, and Gemini Bottom List with $11.7B, $5.0B, $4.7B, and $4.3B
Bybit is another prominent crypto exchange. Accounting for the 4th top spot, its cumulative assets stand at $13.3B. Moving on, Robinhood is the next name on the list of the leading centralized crypto exchanges in terms of total assets. So, the value of its total assets sits at up to $11.7B. As a result, it occupies the 5th rank, preceding Bitget.
According to DefiLlama, Bitget is the 6th top centralized cryptocurrency exchange. Keeping this in view, its total assets reportedly equal $5.0B. Therefore, it claims a significantly lower value in comparison with Robinhood. Then, MEXC has effectively attained the 7th top place on the list. Hence, it is currently occupying $4.7B in total assets. Ultimately, Gemini concludes the list of the dominant centralized crypto exchanges, with its total assets hitting $4.3B in value.
