Binance currently leads all centralized cryptocurrency exchanges in stablecoin reserves, holding $31 billion in USDT and USDC combined.

According to calculations by CryptoQuant, this accounts for a commanding 59% of total stablecoin holdings across major platforms, solidifying Binance’s dominant role in crypto market liquidity.

Stablecoins serve as a vital tool for traders and DeFi protocols, and Binance’s large reserve base indicates strong user trust and active on-chain usage.

Coinbase Leads Total Reserves With $129B, Binance Follows With $110B

In terms of total reserves across all digital assets, Coinbase holds the top spot with $129 billion, while Binance ranks second with $110 billion.

These figures include holdings in Bitcoin (BTC), Ethereum (ETH), and the two major stablecoins, collectively making up 60% of reserves across the top 20 centralized exchanges.

However, Binance distinguishes itself with superior transparency. Unlike Coinbase, which does not publish a public Proof-of-Reserves (PoR), Binance provides regular, publicly accessible PoR reports and wallet addresses.

The openness not only enhances trust but also aligns more closely with the crypto community’s expectations of transparency and decentralization.

Binance’s commitment to on-chain accountability gives it a competitive edge in credibility and user confidence, particularly in an industry that has seen increasing scrutiny around exchange solvency and asset backing.

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Binance Tops May 2025 Stablecoin Deposits With $31B, Edging Out Coinbase

In May 2025, Binance received $31 billion in USDT and USDC deposits, which was marginally more than Coinbase’s $30 billion, demonstrating its continued dominance in stablecoin inflows.

Stablecoin inflows of $180 billion have been made to Binance so far this year, solidifying its standing as the main hub for capital allocation in the cryptocurrency industry.

Coinbase is still a significant contributor to total cryptocurrency inflows, along with Binance. Coinbase and Binance have received a total of $344 billion and $335 billion in USD inflows so far in 2025.

The fact that these two platforms are so far ahead of other exchanges shows how well they draw in institutional and individual investors. Their pivotal roles in global cryptocurrency liquidity and the sustained trust of investors in their infrastructure and services are reflected in the data.

Binance Leads Centralized Exchanges in Average Bitcoin Inflows, Signaling Strong Interest From Large Investors

Binance continues to record the highest average Bitcoin inflows among centralized exchanges, suggesting strong interest from large-scale investors.

On May 22, when Bitcoin hit a new all-time high of $112,000, the average BTC deposit to Binance surged to 7 BTC per transaction.

This significantly exceeded the averages at other major exchanges: Bitfinex (5 BTC), OKX (1.23 BTC), Kraken (0.7 BTC), and Coinbase (0.8 BTC).

The higher average deposit size indicates that Binance remains a preferred venue for whales and institutional players looking to deploy significant capital.

This trend reinforces Binance’s role as a major hub for high-volume crypto trading and highlights its appeal to larger market participants seeking deep liquidity and efficient execution during periods of heightened market activity.

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