[Table] Crypto Exchanges Assets Transparency

[Wapfika]

Exchange	|	Assets	|	Clean Assets	|	1month Inflows	|
Binance	|	$70.85B	|	$60.01B	|	+$12.08M	|
OKX	|	$10.34B	|	$10.34B	|	+$560.05M	|
Bitfinex	|	$9.90B	|	$7.67B	|	+$307.71M	|
Crypto.com	|	$4.16B	|	$4.02B	|	-$172.68M	|
Houbi	|	$3.29B	|	$2.53B	|	+$5.30M	|
Bybit	|	$3.12B	|	$2.94B	|	+$80.69M	|
Kucoin	|	$3.00B	|	$2.41B	|	+$143.64M	|
Gate.io	|	$2.14B	|	$1.59B	|	+$22.42M	|
Bybit	|	$3.12B	|	$2.94B	|	+$80.69M	|
Deribit	|	$2.01B	|	$2.01B	|	-$85.57M	|
Bitget	|	$1.59.12B	|	$1.02B	|	+$78.65M	|
Bitmex	|	$929.72M	|	$929.72M	|	+$2.05M	|
Swissborg	|	$657.19M	|	$488.07M	|	+$75.57M	|
Korbit	|	$385.94M	|	$385.94M	|	-$12.45M	|
Binance US	|	$328.05M	|	$327.32M	|	- $6.96M	|

This table is updated as of 04/17/2023

*Crypto.com suffers the most in terms of inflow assets for a period of 1 month on exchange meaning their customers are in mass exodus with this exchange on the other hand, OKX printed the highest 1-month inflows. Surprisingly Binance became stagnant while OKX and Bitfinex slowly closed the gap in terms of the exchange assets. We might see a change in ranking in future if the Binance issue escalates more.


Note: Clean Assets excludes all the tokens issued by the exchange such as BNB, BUSD and etc..


***I will update this on weekly basis to get data analysis for the changes in exchange status. Coinglass has limited info available so I will need to establish more data to give a better analysis. In the meantime, you can use the table as a basis to picture out what exchange is being trusted the most by the crypto user to deposit their assets. Thanks @DaveF for the constructive feedback.

I'm planning to add ranking, rank changes, specific coins stated on exchange PoR and asset changes for future updates.***


Source: https://www.coinglass.com/Transparency

[DaveF]

As has been discussed, these numbers are mostly pointless. You should not care about their assets. Without knowing what they are supposed to have.
Having $100 is great, unless you owe 4 people $100. Then it's....not great.

Having a lot of funds leave your exchange is bad. Unless is was a planned separation of a large client, then it's not important at all.

Spitting out numbers without context and *all* the other data is pointless.

-Dave

[Wapfika]

As has been discussed, these numbers are mostly pointless. You should not care about their assets. Without knowing what they are supposed to have.
Having $100 is great, unless you owe 4 people $100. Then it's....not great.

Having a lot of funds leave your exchange is bad. Unless is was a planned separation of a large client, then it's not important at all.

Spitting out numbers without context and *all* the other data is pointless.

-Dave

 The main goal of this table is to have an overview on the changes of total assets of exchange per update. The 1mo nth inflow indicates how much money added or subtracted for a period of 1 month.

All this data is gathered by coinglass from the wallets of each exchange. I will try to edit this and give more detailed analysis. Thank you for the feedback.

Without knowing what they are supposed to have.
Having $100 is great, unless you owe 4 people $100. Then it's....not great.

there's no way to determine this since the exchange itself doesn't provide a transparent PoR in real-time. I will try to update this table about this improvement once there are available data from CEX. In the mean time, The table will just serve as a measurement for the inflow of assets on an exchange regardless of the specification of the tokens coincides. You can use the data to determine if the exchange is already crumbling which is an indication that they might exit the market like what happened to FTX and probably on crypto.com & coinbase

[Wapfika]

Exchange	|	Assets	|	Clean Assets	|	1month Inflows	|
Binance	|	$67.65B	|	$56.56B	|	N/A	|
OKX	|	$9.83B	|	$6.80B	|	+$508.65M	|
Bitfinex	|	$9.09B	|	$7.67B	|	-$312.77M	|
Crypto.com	|	$3.73B	|	$3.60B	|	-$153.32M	|
Houbi	|	$3.01B	|	$2.33B	|	-$25.84M	|
Bybit	|	$3.02B	|	$2.86B	|	+$52.21M	|
Kucoin	|	$2.85B	|	$2.32B	|	+$166.85M	|
Gate.io	|	$1.94B	|	$1.43B	|	-$51.01M	|
Deribit	|	$1.78B	|	$1.78B	|	-$76.04M	|
Bitget	|	$1.45B	|	$940.37M	|	+$15.05M	|
Bitmex	|	$841.02M	|	$841.02M	|	+$6.57M	|
Swissborg	|	$588.40M	|	$443.14M	|	+$64.67M	|
Korbit	|	$344.82M	|	$344.82M	|	+$2.95M	|
Binance US	|	$313.72M	|	$313.01M	|	- $14.46M	|

This table is updated as of 04/25/2023

*Among all the exchange listed. Only Kucoin gain a positive asset inflow compared to the previous chart by having +$166.5M compared to its last 04/17 inflow which is +$143.64M. A total of +$22.86M additional monthly inflow but still their total assets is still declining same as other exchange due to the decreasing value of the crypto market. Probably the increase of inflow on Kucoin due to their recent KCS token burn & P2P Promotion for Indonesia

[Husires]

Great effort, but how to check the accuracy of this data? Meaning, does it come from the platform itself, or does it come from a third party that verifies it.
When panic happens, this liquidity can easily evaporate as Binance lost $2 Billion in a day due to some false tweets https://www.wsj.com/articles/binance-sees-2-billion-in-outflows-as-troubles-compound-9a136e21.

*Among all the exchange listed. Only Kucoin gain a positive asset inflow compared to the previous chart by having +$166.5M compared to its last 04/17 inflow which is +$143.64M. A total of +$22.86M additional monthly inflow but still their total assets is still declining same as other exchange due to the decreasing value of the crypto market.

I am still amazed how Kucoin/OKX works with all this cash flows away from the eyes of governments or imposing serious KYC on all accounts.

[Wapfika]

Great effort, but how to check the accuracy of this data? Meaning, does it come from the platform itself, or does it come from a third party that verifies it.
When panic happens, this liquidity can easily evaporate as Binance lost $2 Billion in a day due to some false tweets https://www.wsj.com/articles/binance-sees-2-billion-in-outflows-as-troubles-compound-9a136e21.

I can’t vouch for the accuracy since this data is from a private company but coinglass reputation on providing crypto statistics is good since it’s being use by many crypto analysts. I’m confident that they giving a data based on their exchange data analysis software. I will make a thorough research on the company method for transparency.

*Among all the exchange listed. Only Kucoin gain a positive asset inflow compared to the previous chart by having +$166.5M compared to its last 04/17 inflow which is +$143.64M. A total of +$22.86M additional monthly inflow but still their total assets is still declining same as other exchange due to the decreasing value of the crypto market.

I am still amazed how Kucoin/OKX works with all this cash flows away from the eyes of governments or imposing serious KYC on all accounts.

I think it’s due to the country that they are based. Seychelles is the home of this kind of rouge exchange that doesn’t have license to operate in other country. They probably good on hiding their tracks same with CZ.

[DaveF]

I guess another part of the question is when the exchange has different operating entities in different countries how are the numbers calculated?
i.e. Is Binance all of binance including binance.us and all the other places that where it's separate from the parent or is it just binance.com

Not sure if it matters but it would change some things.

-Dave

[PX-Z]

So there is a site like this, any proof of the accuracy that the numbers shown in the site are correct? I see there is no source in there, or maybe just an API shows the same from sites like cmc if it came from cmc or where.