Cryptensive

    Exchange Reserves

    How much crypto the big exchanges hold for their customers, and whether money is coming in or leaving. Since the FTX collapse in 2022, most large exchanges publish their wallet addresses, so anyone can count what is inside.

    Held by 78 exchanges$238B

    Binance alone holds 52%. Updated 9 Nov 2026. Counted in US dollars, without each exchange’s own token (such as BNB or OKB).

    Net flow, 24 hours−$933Mmore withdrawn than deposited
    Net flow, 7 days−$773Mmore withdrawn than deposited
    Net flow, 30 days−$7.48Bmore withdrawn than deposited
    Bitcoin held1.43M BTC+26,270 BTC in 30 days
    Biggest outflow, 7 daysHTX−$437M (−11%)
    Biggest inflow, 7 daysPoloniex+$362M (+41%)

    Money in and out

    Net deposits (green, right) and withdrawals (red, left) at the 15 biggest exchanges. Flows are counted in coins and valued at today’s prices, so a falling market doesn’t look like money leaving. The bars show the change as a share of each exchange’s reserves (the percentage on the right).

    1. Binance−$114M−0.1%
    2. OKX−$435M−1.6%
    3. Bybit+$234M+1.7%
    4. Bitfinex+$284M+2.1%
    5. Robinhood−$39K−0.0%
    6. Gate−$43.4M−0.8%
    7. Bitget−$26.7M−0.5%
    8. Gemini−$9.6M−0.2%
    9. Bitstamp+$10.6M+0.2%
    10. MEXC−$267M−6.0%
    11. Deribit−$73.6M−2.1%
    12. HTX−$437M−11%
    13. KuCoin−$1.8M−0.1%
    14. Crypto.com−$69.3M−3.2%
    15. HashKey Exchange−$25.3M−1.8%

    Reserves since 2023

    Switch between dollars and Bitcoin. Dollar reserves rise and fall with prices; the number of bitcoins only changes when coins are deposited or withdrawn, so it shows the real flow (a sudden step can also mean an exchange published new wallets). “All” adds up the 12 exchanges tracked since the start of 2023: $77.3B → $203B, and 958,419 BTC → 1,146,776 BTC.

    Every tracked exchange

    The 31 exchanges with at least $100M in their public wallets; 47 smaller ones are left out. Flows are net deposits (+) or withdrawals (−). Open interest is the value of open futures bets on the exchange.

    #ExchangeReservesShareBitcoin held24 hours7 days30 daysOpen interestWallets
    1Binance$123B52%627,186 BTC−$448M−0.4%−$114M−0.1%−$9.96B−7.5%$30.7BList
    2OKX$27.4B12%154,726 BTC−$170M−0.6%−$435M−1.6%+$213M+0.8%$8.13BList
    3Bybit$14.3B6.0%68,800 BTC−$52.0M−0.4%+$234M+1.7%+$197M+1.4%$12.7BList
    4Bitfinex$14.0B5.9%157,908 BTC+$12.2M+0.1%+$284M+2.1%+$589M+4.4%$811MList
    5Robinhood$13.3B5.6%140,048 BTC+$1K+0.0%−$39K−0.0%−$3.4M−0.0%——
    6Gate$5.68B2.4%20,056 BTC+$522K+0.0%−$43.4M−0.8%+$284M+5.3%$13.0BList
    7Bitget$5.57B2.3%30,760 BTC−$81.5M−1.4%−$26.7M−0.5%+$387M+7.5%$7.88BList
    8Gemini$4.86B2.0%55,742 BTC−$3.7M−0.1%−$9.6M−0.2%−$31.5M−0.6%—List
    9Bitstamp$4.36B1.8%38,880 BTC+$11.5M+0.3%+$10.6M+0.2%+$2.16B+98%——
    10MEXC$4.15B1.7%11,508 BTC−$24.1M−0.6%−$267M−6.0%−$369M−8.2%$12.2B—
    11Deribit$3.51B1.5%40,078 BTC+$21.5M+0.6%−$73.6M−2.1%+$1.3M+0.0%$2.07BList
    12HTX$3.46B1.5%7,618 BTC−$440M−11%−$437M−11%−$472M−12%$1.47BList
    13KuCoin$2.49B1.0%8,374 BTC−$15.6M−0.6%−$1.8M−0.1%−$112M−4.3%$2.76BList
    14Crypto.com$2.08B0.9%19,840 BTC−$108M−4.9%−$69.3M−3.2%−$147M−6.6%$1.58BList
    15HashKey Exchange$1.42B0.6%12,426 BTC−$883K−0.1%−$25.3M−1.8%+$4.0M+0.3%——
    16Bitkub$1.33B0.6%11,833 BTC+$1.5M+0.1%−$24.0M−1.8%−$6.8M−0.5%——
    17Poloniex$1.24B0.5%4 BTC+$375M+43%+$362M+41%−$276M−18%——
    18SwissBorg$785M0.3%5,419 BTC+$439K+0.1%−$13.3M−1.7%−$12.1M−1.5%—List
    19OSL Exchange$674M0.3%6,739 BTC+$11.4M+1.7%+$8.3M+1.2%−$6.3M−0.9%——
    20BingX$527M0.2%1,990 BTC−$13.1M−2.4%−$17.0M−3.1%−$73.5M−12%—List
    21Backpack$495M0.2%483 BTC+$312K+0.1%−$21.4M−4.1%+$1.3M+0.3%—List
    22Korbit$467M0.2%6,011 BTC+$560K+0.1%+$8.9M+1.9%+$6.2M+1.3%—List
    23Indodax$466M0.2%4,116 BTC+$1.1M+0.2%+$3.8M+0.8%+$7.2M+1.6%——
    24Bitvavo$303M0.1%1,723 BTC+$1.4M+0.5%−$36.3M−11%+$83.6M+38%——
    25Bitunix$268M0.1%—−$1.0M−0.4%+$3.4M+1.3%+$47.1M+21%$1.68BList
    26Phemex$262M0.1%—−$290K−0.1%+$3.6M+1.4%−$3.1M−1.2%$2.19BList
    27WEEX$185M0.1%—+$682K+0.4%−$1.0M−0.5%+$7.9M+4.5%——
    28CoinDCX$157M0.1%—+$0K+0.0%−$41K−0.0%−$368K−0.2%—List
    29Bitrue$122M0.1%—−$756K−0.6%−$4.9M−3.9%−$9.4M−7.1%$2.86B—
    30Pionex$117M0.0%—+$1.5M+1.3%−$359K−0.3%+$5.0M+4.5%——
    31Ourbit$106M0.0%—−$2.6M−2.4%−$156K−0.1%−$2.4M−2.2%—List

    Not tracked: Bitmex, Coinbase, Coinone, Coincheck, Bithumb, Upbit, bitFlyer, BTCC, Deepcoin, Voyager and others (Kraken, for example) don’t publish their wallet addresses, so their reserves can’t be counted this way. “List” links to the exchange’s own page with its wallets, where it has one.

    How to read the flows

    • Withdrawals (outflows) often mean people are moving coins to their own wallets to hold them, which is usually calm. A sudden, large outflow from one exchange can mean customers are losing trust, as after the Binance hack.
    • Deposits (inflows) often come before selling or before trading with leverage. Big inflows of Bitcoin into exchanges have often come before price drops.
    • Stablecoin deposits are different: dollars arriving on an exchange are usually waiting to buy. See the Stablecoin Tracker.

    One day’s flow means little; look at the trend over weeks.

    What reserves don’t tell you

    Reserves show what an exchange holds, not what it owes. An exchange can show billions and still owe its customers more, or borrow coins for the day of the snapshot. Only a check of both sides, by an independent auditor, shows whether every customer could be paid back.

    FTX never published its wallets, and in November 2022 it could not pay its customers. That is why exchanges started publishing them. The safest crypto is still the one you hold yourself: see Self-custody basics and our cold wallet reviews.

    Frequently asked questions

    What are exchange reserves?

    The crypto an exchange holds for its customers. Many exchanges publish the addresses of their wallets (proof of reserves), so anyone can add up what is in them on the blockchain.

    Which exchange holds the most crypto?

    Binance, with $123B (52% of all tracked reserves) on 9 Nov 2026, not counting its own token.

    Is money leaving exchanges?

    Over the last 7 days the tracked exchanges had net outflows of $773M, and over 30 days net outflows of $7.48B. Flows are counted in coins, so falling prices do not look like money leaving.

    Do reserves prove an exchange is safe?

    No. Reserves show what an exchange holds, not what it owes its customers. Only a check of both (liabilities too) shows whether every customer could be paid back. FTX never published its wallets.

    Data: DefiLlama (reserves from the wallet addresses each exchange has published, net flows and open interest), updated when the page is built. Bitcoin held is the Bitcoin in each exchange’s wallets on the Bitcoin network, converted at each day’s price from CoinMarketCap. Exchanges may have wallets they haven’t published. Not financial advice.