- Binance holds about $31 billion in USDT and USDC, making up 59% of all stablecoins across exchanges. This highlights the platform dominance in the crypto trading space.
- Binance also leads in Bitcoin deposits and has been able to build user trust through transparent Proof-of-Reserves reports.
Binance has continued to dominate the crypto space, attracting $180 billion in inflows and securing its position as one of the top exchanges in terms of liquidity. Over the years, the exchange has managed to single itself out as one of the top central hubs for crypto traders and investors.
According to recent data shared by CryptoQuant, the exchange holds about $31 billion in USDT and USDC, more than any other exchange. This figure makes up about 59% of all stablecoins across all crypto exchanges, showing just how much trading power is stored in the exchange. Since stablecoins work like cash, having such a large amount shows how well Binance pulls in money ready for trading.
So far this year, the exchange has seen an inflow of about $180 billion in total from stablecoin deposits. In May it was also recorded that Binance received $31 billion in USDT and USDC, slightly more than Coinbase’s $30 billion.
Binance Dominance in Bitcoin Deposits and On-Chain Transparency
Binance is also the top-leading exchange when it comes to Bitcoin transactions. The exchange handles the most BTC deposits, showing users trust it to manage and store their crypto. Monthly data shows Binance is also the top choice for Bitcoin.
With the exchange’s large reserves, it supports heavy trading without problems for users around the world. Each month, data shows it stays ahead of Coinbase Bitcoin deposits. This steady flow of funds shows users believe in Binance’s system, strong trading ability, and safety.
What even makes the platform more trusted is its clear Proof-of-Reserves reports that share wallet addresses to confirm how much crypto it holds. The exchange open system helps to build trust with users who care about seeing real data on the blockchain. Coinbase, on the other hand, uses standard finance reports instead of public on-chain proof, taking a more traditional and regulated path.
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