Exchange Listed Reserves, counted from Newhedge's own node
Coming soon
Two new charts will count the bitcoin held in the addresses that exchanges publish in their proofs of reserves. Newhedge will read every transaction of those addresses from its own node, so each balance is rebuilt from the chain and not taken from the exchange's report.
Exchange Listed Reserves will show the total for Binance and OKX against the Bitcoin price. Exchange Listed Reserves by Exchange will stack Binance and OKX and draw Bitfinex on its own line. Bitfinex's list dates from 2022 and has not been updated, so it will not be part of the total. The info panel will show the date of each list, how many addresses it holds, and how many of them are counted.
Methodology
Each figure is a lower bound. Only the addresses an exchange chooses to publish are counted, so the total sits below what the same exchanges hold overall. It is separate from the existing Exchange Reserves chart, which measures a different, wider set of exchange addresses.
A balance is counted from blocks that are six or more blocks deep, one point per UTC day, labelled 00:00 UTC of the day it describes. An address two exchanges both list is counted once in the total.
When an exchange publishes a new list of addresses, the series are rebuilt from the addresses now listed, so history is restated. A few Binance addresses are held for the exchange by its custodian. Binance lists them, so they are counted.
The data definitions carry methodology version 2026-10-21.