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One in Six BTC on Centralized Exchanges Despite FTX Collapse
Feb 22, 2026
< 1 min read
by Wayne Jones
for CryptoPotato
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AI Overview
Nearly 3 million Bitcoin (BTC), worth $200 billion, sits on centralized exchanges, reflecting a 15% concentration despite the FTX collapse and advocacy for self-custody.
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Nearly 3 million Bitcoin (BTC), worth approximately $200 billion and representing 15% of the circulating supply, currently sits on centralized exchange platforms.
The concentration of assets on trading venues reveals that, despite the shock of the FTX collapse in 2022 and years of industry messaging around self-custody, about one out of every six BTC in existence remains stored with third-party intermediaries.
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