Binance Holds 59% of Stablecoin Reserve: Details

Published 03/06/2025, 11:03
Updated 03/06/2025, 16:15
Binance Holds 59% of Stablecoin Reserve: Details

U.Today - Binance, the world’s largest cryptocurrency exchange, is maintaining its position at the top as it currently holds the majority of stablecoin liquidity. That is, 59% of all stablecoin reserves are valued at $31.45 billion in USDT and USDC.

Binance leads in liquidity, inflows and Bitcoin deposits

According to the CryptoQuant update, Binance is more than three times bigger than its closest competitor, OKX exchange, which holds 15.39% worth $8.20 billion. This also indicates that more trading activity involving digital currency trade occurs on Binance than on any other exchange.

According to the data, Binance is already leading 2025 inflows with a total of $180 billion. This suggests a bullish signal for the exchange. This massive liquidity may turbocharge the next market breakout.

High inflows indicate a growing user base and trust, soaring trading activities and possible institutional adoption.

Binance also has the highest average Bitcoin (BTC) deposits of any other exchange, which indicates that users are willing to trade BTC on the platform. This could also mean that market participants have confidence in Binance’s infrastructure. This may help turbocharge the Bitcoin breakout.

Data from CryptoQuant highlights Binance’s continued dominance as the central place for trading digital assets in the cryptocurrency industry.

Binance thrives despite SEC scrutiny

Comparatively, the stablecoin reserves of other exchanges, such as Coinbase (NASDAQ:COIN), are $5.33 billion, Bybit is $2.73 billion and MEXC is $2.24 billion.

Interestingly, Binance’s dominance of the stablecoin sector occurred despite the past regulatory crackdown on it by the U.S. Securities and Exchange Commission (SEC). The SEC recently dismissed its lawsuit against Binance in what many stakeholders consider a win for cryptocurrency.

The Binance ecosystem now appears focused on growing further, as its CEO, Richard Teng, recently urged the community to concentrate on building. According to Teng, innovative building, not speculative bets, is critical to staying ahead in the crypto space.

It remains to be seen if any other notable exchanges, such as Coinbase, OKX and Kraken, could try to compete for market share with Binance.

This content was originally published on U.Today

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