Following the demise of FTX, blockchain analytics company Nansen has published an overview of the on-chain asset holdings and portfolios of the largest cryptocurrency exchanges.

With demands for transparent accounts of token holdings and assets under management, the collapse of cryptocurrency exchange FTX has brought industry peers under scrutiny.

In order to calm the wider space, major cryptocurrency exchanges like Binance, Huobi, OKX, and Crypto.com have made an effort to share details of their assets and portfolios. This comes after the FTX fallout caused investor confidence to be shaken, causing users throughout the ecosystem to remove Bitcoin and other tokens from exchanges to prevent possible spread.

Industry insights are offered by the blockchain analytics platform Nansen, which is renowned for its wallet-labeling capabilities that track addresses across different blockchains. On Nov. 15, Nansen listed seven significant exchanges, their pertinent portfolios, and explanatory statements of accounts in a series of tweets.

The total of the holdings in the wallet addresses that the companies provided on the blockchains that Nansen monitors represents the exchanges’ assets and net worth. The analytics tool adds a disclaimer that the numbers “do not represent an exhaustive or complete statement of the actual assets or reserves held.”

Included among the exchanges are Binance, Crypto.com, OKX, KuCoin, Deribit, Bitfinex, and Huobi.

With $64.3 billion in assets spanning the Bitcoin, Ethereum, Tron, and BNB Chain blockchains, Binance is considered as the largest exchange in the world by transaction volume. The other exchanges pale in comparison to this by a wide margin.

Data provided by the company indicates that Bitfinex has the second-largest asset holdings in reserve among the seven exchanges. Assets are held on the Polygon, Tron, Solana, Acala, Avalanche, Cosmos, Fantom, Near, Terra, and Terra Classic blockchains in addition to Bitcoin, Ethereum, and other cryptocurrencies. Total assets are $8.23 billion.

The assets of Huobi total $3.3 billion and are spread across eight different chains. According to reports, OKX is the owner of $5.84 billion worth of digital currency on the blockchains of Bitcoin, Ethereum, Polygon, Arbitrum, Tron, and Avalanche.

Seven different chains make up the estimated $2.36 billion in assets held by Crypto.com. On eight different blockchains, KuCoin addresses hold assets totaling $2.65 billion, and Deribit is the owner of assets totaling about $1.46 billion on the Bitcoin, Ethereum, and Solana blockchains.

Co-founder and CEO of Nansen Alex Svanevik told Cointelegraph that the company intends to release its preliminary findings on the FTX situation this week. After the catastrophic collapse of the Terra ecosystem in May 2022, Nansen previously revealed on-chain findings.

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