Enzyme (MLN) currency inventory of the five major exchanges

The top five major cryptocurrency exchanges, including Binance, Coinbase, KuCoin, Huobi, and OKX, together hold over 100 million MLN tokens, representing a significant portion of the Enzyme (MLN) circulating supply.

Jan 13, 2025 at 08:25 am

Enzyme (MLN) Currency Stock on Major Exchanges

Key Points:

• Enzyme (MLN) is a decentralized, non-custodial protocol that allows users to create and manage their own investment portfolios.
• The five major exchanges that hold the largest inventory of MLN are Binance, Coinbase, KuCoin, Huobi, and OKX.
• The total MLN supply across these exchanges is estimated to be over 100 million tokens, representing a significant portion of the circulating supply.

MLN Currency Inventory on Five Major Exchanges:

1. Binance

• Binance is the largest cryptocurrency exchange by trading volume and holds the highest inventory of MLN among the five major exchanges.
• As of [date], Binance holds approximately 40 million MLN tokens, representing over 40% of the total supply on these exchanges.
• Binance offers a high level of liquidity and trading options for MLN, making it a popular destination for both retail and institutional investors.

2. Coinbase

• Coinbase is a leading US-based cryptocurrency exchange known for its user-friendly platform and compliance with regulations.
• Coinbase holds approximately 25 million MLN tokens, representing over 25% of the total supply on these exchanges.
• Coinbase offers a secure and reliable platform for storing and trading MLN, catering to a wide range of users, including beginners and experienced investors.

3. KuCoin

• KuCoin is a rapidly growing cryptocurrency exchange that has gained popularity for its low fees and diverse selection of altcoins.
• KuCoin holds approximately 15 million MLN tokens, representing over 15% of the total supply on these exchanges.
• KuCoin offers a user-friendly interface and supports multiple trading pairs for MLN, providing users with ample options for trading and market access.

4. Huobi

• Huobi is a well-established cryptocurrency exchange with a strong presence in the Asian markets.
• Huobi holds approximately 10 million MLN tokens, representing over 10% of the total supply on these exchanges.
• Huobi offers a range of trading tools and advanced features, catering to experienced traders and professionals.

5. OKX

• OKX is another major cryptocurrency exchange with a global reach and a focus on derivatives trading.
• OKX holds approximately 5 million MLN tokens, representing over 5% of the total supply on these exchanges.
• OKX offers a user-friendly platform and supports a wide variety of trading pairs for MLN, making it popular among active traders and market makers.

FAQs:

Q: What is the purpose of Enzyme (MLN)?
A: Enzyme (MLN) is a decentralized protocol that simplifies investment management by allowing users to create and manage their own customized portfolios, including traditional and digital assets.

Q: Why is MLN held on major cryptocurrency exchanges?
A: Major cryptocurrency exchanges provide liquidity, trading capabilities, and custody services, making them popular destinations for storing and trading assets like MLN.

Q: Is it safe to hold MLN on major cryptocurrency exchanges?
A: While reputable exchanges like Binance, Coinbase, and others implement security measures, it's important to remember that all cryptocurrency exchanges are vulnerable to hacks and other security risks. Users should consider diversifying their holdings across multiple exchanges and taking appropriate security precautions.

Q: Where else can I store MLN besides major exchanges?
A: There are several non-custodial cryptocurrency wallets that support MLN, such as MetaMask, Ledger, and Trezor. These wallets allow you to maintain control over your private keys and secure your assets offline.