According to data from crypto aggregation platform DefiLlama, the top centralised exchanges ranked by clean digital assets held are Binance, OKX, and Bitfinex.
As noted by a Lookonchain on X, the total clean digital assets held by Binance, OKX and Bitfinex rest at $59.2 billion, 12.4bn and 9.2bn, respectively. Clean assets do not involve assets issued by the exchange itself. At a glance, the metric carries more significance than total assets on an exchange, lest another FTX-style scenario arise in the future.
By and large, Bitcoin dominates volumes of assets held in two of the three top CEXs, while Tether (USDT), the flagship stablecoin, represented a majority of assets on the OKX exchange.
At the time of reporting, the volume of BTC held on Binance per DefiLlama data totalled $20.56 billion, representing 30.7% of the digital assets on the exchange. OKX held $4.84 billion in BTC, reflecting 38.9% of the total assets on the platform. Tether represented 41.9% of digital assets, with a volume of $5.2 billion.
As for Bitfinex, Bitcoin represents a major share of the exchange’s assets, claiming 65.47% of all assets held on the exchange. BTC held on Bitfinex at the time of reporting amount to $7.7 billion, while LEO (an exchange-issued token), represented 22%, with a volume of $2.56 billion.
Notably, DefiLlama data showed negative monthly inflows for Binance (-$1.4bn), and positive inflows for OKX and Bitfinex; $597 million and $273 million, respectively. All exchanges experienced negative inflows in the last 24-hours. The leverage ratio for Binance, OKX and Bitfinex was 0.17x, 0.32x and 0.06x, respectively, with the latter exchange boasting the least amount of leverage of the three.
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