Binance holds $165B in crypto reserves, nearly 69% of the total across major exchanges

The exchange pulled in more than 25,000 Bitcoin in a month while its seven largest rivals saw net outflows Binance held about $165 billion in crypto reserves on October 1. That works out to 68.7% of the $240.2 billion tracked across eight major centralized exchanges. The figure matters because it shows how concentrated crypto’s custodial layer has become. It also shows which way money moved during a month when prices did most of the heavy lifting. Binance’s reserves climbed from $154.3 billion in September to roughly $165 billion by early October. Part of that gain came from rising asset prices.

Source: Crypto Briefing