- Binance controls 59% of stablecoin reserves on centralized exchanges, boosting liquidity.
- May stablecoin inflows show Binance edging out Coinbase with $31 billion deposits.
- Binance’s Proof-of-Reserves and large BTC deposits attract institutional investors.
Binance continues to cement its dominance in the centralized exchange space, driven by unmatched liquidity, inflows, and on-chain transparency. As the crypto market sees renewed institutional interest and surging asset prices, Binance’s position as a key infrastructure layer for digital finance becomes even more pronounced.
With over half of the industry’s stablecoin reserves under its control, and nearly $180 billion in capital inflows in 2025 so far, Binance is not just growing it’s setting the pace. These numbers reflect a broader trend of increasing reliance on centralized exchanges that offer deep liquidity and greater transparency in asset management.
Stablecoin Dominance Highlights Liquidity Control
As per CryptoQuant, an analytic firm data, Binance holds $31 billion in combined USDT and USDC, amounting to 59% of all stablecoin reserves held on centralized exchanges. This dominance places it well ahead of competitors in terms of liquid capital ready for deployment. Stablecoins are critical for trading, lending, and DeFi interaction, and Binance’s stablecoin reserves reinforce its status as a major liquidity provider.
Binance holds 59% of all stablecoin reserves, with $31B in USDT and USDC.
— CryptoQuant.com (@cryptoquant_com) June 3, 2025
It leads 2025 inflows with $180B and sees the highest average BTC deposits. pic.twitter.com/p0ipDA97tN
Besides holding the largest share of stablecoin reserves, Binance has also received the highest stablecoin inflows this year. In May alone, users deposited $31 billion worth of USDT and USDC into the exchange. That puts it just ahead of Coinbase, which received $30 billion in the same period. These consistent inflows demonstrate user confidence in Binance’s platform, especially for deploying capital during market rallies.
Total Reserves and Transparency Offer Institutional Confidence
While Coinbase leads in total reserve value with $129 billion, Binance follows closely with $110 billion across BTC, ETH, USDT, and USDC. Together, the top two exchanges control roughly 60% of all reserves among the top 20 platforms.
However, Binance separates itself with public Proof-of-Reserves reporting, including wallet-level transparency. This commitment to visibility appeals strongly to crypto-native users and institutions that value on-chain verification.
Moreover, Binance’s average Bitcoin deposits suggest a user base composed of larger players. On May 22, when Bitcoin surged to $112,000, Binance recorded an average deposit of 7 BTC. That figure outpaced competitors significantly Bitfinex saw 5 BTC, while OKX, Kraken, and Coinbase trailed far behind. Such patterns imply that Binance is a primary destination for whales and institutional traders during high-volatility periods.
