One of the most interesting aspects of blockchain is that everything is public. All trades, wallets, and portfolios are fully accessible to everyone, giving you an unprecedented amount of insight into financial asset classes.
Uses for the data range from monitoring overall trading activity and flows to seeing how the largest wallets and companies are handling their positions. Arkham Intelligence is a blockchain analytics platform of particular interest for the second application. Cross-reference financial disclosures by companies and individuals with on-chain activity and match entities with specific wallet addresses.
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With Arkham Insights, anyone can see how the biggest players in the crypto industry trade. One interesting application is to look at the largest companies in this field.
Coinbase, one of the world's largest cryptocurrency companies, operates a centralized exchange, wallet service, and layer 2 called Base. Coinbase's portfolio is worth nearly $80 billion. The wallet consists almost entirely of Ethereum (ETH) and Bitcoin (BTC). The company holds over 900,000 BTC, currently worth over $55 billion. It also holds 6.6 million ETH worth about $20 billion.
While Coinbase operates as a crypto asset manager, Grayscale is a crypto asset manager. It has created a small number of funds and ETFs that give investors access to crypto products. In January, the company became one of the first companies to offer a spot Bitcoin exchange-traded fund (ETF), which was converted from a previously released futures ETF. Grayscale's portfolio has over 99% of its value in his ETH and BTC. It holds 303,050 BTC worth $18.6 billion and 2.98 million ETH worth $9 billion. Grayscale has $27.6 billion in crypto assets.
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Robinhood is primarily known for its stock platform, but it started offering cryptocurrencies a few years ago. Although the crypto platform offers some of the most popular tokens, the portfolio is primarily invested in ETH, BTC, and Shiba Inu (SHIB). The wallet contains 140,000 BTC worth $8.6 billion, 1.5 million ETH worth $4.7 billion, and 42.5 trillion SHIB worth $1 billion.
As the world's largest cryptocurrency exchange, it's no surprise that Binance (BNB) has the largest portfolio of over $200 billion. It holds 165 million BNB worth $94 billion, 640,000 BTC worth $40 billion, Tether (USDT) worth $27.2 billion, and 4.4 million ETH worth $13.2 billion.
Coinbase has the largest ETH holdings on the list. Its $20 billion ETH represents more than 5% of the total supply. The four companies collectively hold 15.5 million ETH, which is approximately 12.7% of the total supply.
While this may make it seem like the supply of ETH is concentrated in a few companies, Coinbase, Robinhood, and Binance hold the assets for their customers. The portion of the supply held by these companies is under the discretion of the millions of people who hold their ETH in these brokerages.
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This article Who owns the most Ethereum (ETH)? How Coinbase, Grayscale, Robinhood, and Binance Stack Up appeared first on Benzinga.com
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