Binance has steadily reinforced its influence in the cryptocurrency sector year after year. A new report from blockchain analytics firm CryptoQuant underscores Binance’s dominant position in the digital asset landscape. The platform’s popularity is fueled by its intuitive trading interface, deep liquidity, and strong commitment to transparency—key factors that continue to attract a growing user base.
According to data published by CryptoQuant, Binance retains the highest volume of stablecoin reserves, surpassing all other exchanges. The platform currently holds over $31 billion combined in USDT and USDC—the two leading stablecoins—highlighting its central role in sustaining crypto market liquidity. OKX ranks as the next major holder but trails significantly, controlling just 15.39% of the total reserve volume.
Well-known crypto trading platforms such as Coinbase Advanced, Bybit, MEXC, Kraken, and KuCoin appear further down the ranking, each holding stablecoin reserves in the single-digit percentage range. Meanwhile, Coinbase claims the top spot in overall crypto asset reserves, managing a total worth $129 billion. Binance follows closely behind, securing the second position with $110 billion in total reserves.
CryptoQuant Report: Binance and Coinbase Dominate Market Inflows
CryptoQuant, in its latest publication titled “The On-Chain State of Centralized Crypto Exchanges – Reserves and Inflows,” provided a comprehensive analysis of key metrics related to centralized exchanges (CEXs). The report outlined numerous data points, offering insight into the on-chain activity and reserve details of the leading CEX platforms.
Coinbase and Binance led the crypto space in terms of cumulative inflows, with Coinbase drawing in $344 billion and Binance following closely at $335 billion. These figures demonstrate the heavy reliance of the broader cryptocurrency ecosystem on centralized trading platforms for liquidity and market activity.
Binance maintains its lead in the average Bitcoin inflow category as well, with the platform witnessing a notable surge in BTC deposits last month. Bitcoin’s approach to its all-time high fueled heightened trader activity and interest, which largely drove this sharp increase.
The recent report by CryptoQuant emphasized how centralized cryptocurrency exchanges contribute significantly to the acceleration of digital asset adoption. Binance, which has long maintained its status as the world’s leading crypto exchange, further solidified its dominance with newly released on-chain performance indicators.
