Blockchain analytics platform Nansen provides industry insights and is known for its wallet tagging features that track addresses across multiple blockchains. In a series of tweets posted on November 15, Nansen listed seven major exchanges, their related portfolios and explanatory data for the accounts.

Related: Bitfinex’s CTO Issues Proof of Reserves Amid FTX Bankruptcy Fiasco

The assets and net worth of the exchanges are the sum of holdings in wallet addresses offered by companies on the blockchains monitored by Nansen. The analytics platform also notes that the figures are not “a comprehensive or complete statement of actual assets/reserves held.”

Accounted exchanges include Binance,, OKX, KuCoin, Deribit, Bitfinex, and Huobi.

Binance is widely considered the largest global exchange by transaction volume, holding assets worth around $64.3 billion across the Bitcoin, Ethereum, Tron, and BNB Chain blockchains. This outperforms other exchanges by a significant amount.

Bitfinex has the second largest asset holdings in the reserves of the seven exchanges, according to data provided by the company. $8.23 billion worth of assets are held across the Bitcoin, Ethereum, Polygon, Tron, Solana, Acala, Avalanche, Cosmos, Fantom, Near, Terra and Terra Classic blockchains.

Huobi’s assets reach $3.3 billion across eight different chains. OKX reportedly owns $5.84 billion in cryptocurrency assets across the Bitcoin, Ethereum, Polygon, Arbitrum, Tron, and Avalanche blockchains. has an estimated $2.36 billion in assets across seven chains. KuCoin addresses represent $2.65 billion in assets on eight different blockchains, and Deribit holds $1.46 billion worth of assets on the Bitcoin, Ethereum, and Solana chains.

Alex Svanjek, co-founder and CEO of Nansen, told Cointelegraph that the company plans to publish preliminary findings on the FTX situation this week. Nansen previously unpacked the on-chain consequences after the catastrophic collapse of the Terra ecosystem in May 2022.

Source: CoinTelegraph