Eight major crypto exchanges hold a combined total exceeding $328 billion in tracked assets as of July 6, 2026, according to blockchain analytics platform Arkham. Binance leads with $130.1 billion in reserves, more than Coinbase and OKX combined, while Coinbase holds the largest ethereum position at 4.146 million ETH. The rankings are based on real-time wallet balances rather than self-reported figures, offering traders wallet-level visibility into what sits behind each exchange's reserves.
Binance Holds $130.1B Across BTC and Stablecoins
Binance's $130.1 billion war chest starts with 673,071 BTC worth $42.8 billion, more than any other exchange tracked in this review. The exchange holds 40.98 billion USDT, a stablecoin balance that dwarfs the market cap of most top 20 crypto assets. Binance carries 7.68 billion USDC and roughly $6 billion more spread across USD1 and USYC, totaling close to $58 billion in dollar-pegged tokens. Its ethereum position includes 4.09 million ETH and 3.306 million WBETH, a wrapped staked ether derivative, pushing total ether exposure past $13.8 billion. Arkham tracks 64.4 million addresses tied to the exchange.
Coinbase Commands Largest Ethereum Position at 4.146M ETH
Coinbase's $87.96 billion in tracked assets centers on 975,503 BTC worth $62.03 billion, making up more than 70% of the exchange's entire portfolio. Coinbase holds 4.146 million ETH worth $7.41 billion, edging out Binance's native ETH position and making Coinbase the largest single holder of ethereum among the exchanges in this review. The exchange carries 11.69 billion USDC, plus smaller positions in solana, chainlink, and 1.181 million zcash worth $531.07 million. Arkham lists 68.5 million addresses linked to Coinbase, the largest address count in this review.
OKX Prioritizes USDT Over Bitcoin in Reserve Strategy
OKX holds $23.21 billion in tracked assets, with its largest position in 9.337 billion USDT worth $9.34 billion, ahead of its 124,316 BTC stack worth $7.92 billion. The exchange rounds out its top holdings with 1.193 million ETH worth $2.13 billion and a combined $1.45 billion spread across USDC and USDG. Arkham tracks 29.4 million addresses connected to OKX as of July 6, 2026.
Upbit Concentrates Two-Thirds of Reserves in Bitcoin
South Korea's largest crypto exchange Upbit holds $19.12 billion in tracked assets, with bitcoin doing the heavy lifting. The Seoul-based exchange holds 188,366 BTC worth $11.97 billion, close to two-thirds of its entire portfolio. Behind that sits 1.713 million ETH worth $3.06 billion and a retail-flavored tail of dogecoin and shiba inu, alongside Ondo Finance tokens pointing to an active South Korean trading base chasing both meme coins and tokenized real-world assets. Arkham tracks 2.6 million addresses tied to Upbit.
Robinhood Carries Largest Dogecoin Position Among Top Exchanges
Robinhood holds $18.6 billion in tracked assets, led by 189,849 BTC worth $12.07 billion and 1.672 million ETH worth $2.99 billion. The brokerage's crypto arm holds 27.886 billion DOGE worth $2.14 billion, the largest dogecoin position of any exchange in the top eight, plus a sizable SHIB stack and 38.616 trillion PEPE. Arkham tracks 1.6 million addresses linked to Robinhood, the smallest footprint in this review despite its multibillion-dollar reserve.
Bitfinex Holds $6.18B in Native LEO Token
Bitfinex holds $18.59 billion in tracked assets, led by 163,598 BTC worth $10.42 billion. Bitfinex's second biggest holding is LEO, the exchange's own token, with a position worth $6.18 billion, more than seven times larger than Bitfinex's 470,476 ETH stack. Bitfinex carries 53,222 XAUT, a tokenized gold asset worth $220.96 million not held in any meaningful size by any other exchange in this review.
Kraken Maintains Significant Privacy Coin Exposure
Kraken holds $16.11 billion in tracked assets, led by 163,033 BTC worth $10.37 billion and 962,974 ETH worth $1.72 billion. Kraken keeps a diversified stablecoin book across USDC and USDT, with a standout detail of 396,027 ZEC worth $178.03 million, a zcash position that puts Kraken alongside Coinbase as one of the only major exchanges holding a privacy coin in size. Arkham tracks 7.1 million addresses tied to Kraken.
Bybit Integrates Mantle Network Token in Reserve Mix
Bybit holds $13.99 billion in tracked assets, led by 4.414 billion USDT worth $4.41 billion and 60,013 BTC worth $3.82 billion. Its third biggest position is 2.517 billion MNT, the native token of the Mantle network, worth $1.11 billion, a chain closely tied to Bybit's ecosystem. Arkham tracks 17.4 million addresses connected to Bybit.
Concentration Risk Dominates Exchange Reserve Strategies
All eight exchanges hold at least 40% of their reserves in bitcoin, ethereum, or a major stablecoin, showing that most platforms lean on the same three asset categories regardless of their size or regional base. The address counts tracked by Arkham point to a divide between reach and reserve size. Coinbase and Binance lead with 68.5 million and 64.4 million addresses respectively, while Robinhood holds the smallest address count at 1.6 million despite ranking fifth by total dollar value. That gap shows dollar holdings and user base size do not move in lockstep across the industry.
FAQ
Which crypto exchange holds the largest bitcoin reserve as of July 6, 2026?
Binance holds the largest bitcoin reserve with 673,071 BTC worth $42.8 billion, according to Arkham blockchain analytics data logged July 6, 2026.
Which exchange holds the most ethereum among the top eight platforms?
Coinbase holds 4.146 million ETH worth $7.41 billion, edging out Binance's 4.09 million ETH position to claim the largest ethereum holding among the exchanges tracked in this review.
