Binance Leads Crypto Exchange Landscape in Stablecoin Reserves and Inflows

Crypto

Binance Leads Crypto Exchange Landscape in Stablecoin Reserves and Inflows

According to a new report from CQ Research, shared by CryptoQuant, Binance continues to dominate the centralized exchange ecosystem across multiple on-chain metrics, including stablecoin reserves, transparency, and inflows.

With $31 billion in USDT and USDC reserves, Binance controls 59% of the total stablecoin holdings across all centralized exchanges. This solidifies Binance‘s role as the primary source of crypto liquidity globally. The exchange’s ability to absorb stablecoin demand underscores its strategic position for both retail and institutional participants.

Coinbase and Binance Dominate Total Reserves

While Coinbase leads in overall reserves with $129 billion, Binance follows closely with $110 billion, consisting of Bitcoin, Ethereum, USDT, and USDC. Together, these two exchanges account for 60% of the total reserves across the top 20 centralized platforms.

However, Binance sets itself apart with greater transparency, offering public Proof-of-Reserves (PoR), including wallet addresses—something Coinbase does not provide. This gives Binance a distinct edge in on-chain auditability and reinforces its trustworthiness among crypto-native users.

Binance Tops Inflows in 2025

Binance also leads in stablecoin inflows. In May alone, the exchange received $31 billion in stablecoin deposits, narrowly ahead of Coinbases $30 billion. Since the start of 2025, Binance has amassed $180 billion in cumulative stablecoin inflows, marking it as the top venue for capital allocation.

In terms of total USD inflows, Coinbase and Binance stand far above all other competitors, with $344 billion and $335 billion respectively. These figures reinforce their status as the leading on-ramps and liquidity providers in the crypto space.

Binance Attracts Bigger Bitcoin Deposits

Binance also registered the highest average Bitcoin deposit among major exchanges, with an average of 7 BTC per deposit on May 22—when Bitcoin hit a new all-time high of $112,000. In comparison, deposit sizes at other platforms were smaller: 5 BTC at Bitfinex, 1.23 at OKX, 0.8 at Coinbase, and 0.7 at Kraken.

These on-chain metrics signal that Binance continues to serve as a primary gateway for large-scale Bitcoin and stablecoin capital, maintaining its influence over the broader digital asset economy.