Binance holds 59 % of Stablecoin Reserve: Details
Binance, the largest cryptocurrency in the world, maintains its position at the top because it currently holds the majority of Stablecoin. That is, 59 % of all Stablecoin reserves are worth $ 31.45 billion in Usdt and USDC.
Binance leads to liquidity, flows and bitcoin deposits
According to Cryptoquant to updateBinance size is more than three times the closest of its rival, OKX Exchange, which has 15.39 % at $ 8.20 billion. This also indicates that more commercial activity that includes digital currency trade occurs on Binance more than any other exchange.
According to data, Binance is already driving 2025 a $ 180 billion flow. This indicates a bullish sign of exchange. This huge liquidity may highlight the rest process in the following market.
High flows indicate an increased user base, confidence, high commercial activities and potential institutional adoption.
Binance also contains the highest average Bitcoin (BTC) deposits for any other exchange, indicating that users are ready to trade BTC on the platform. This may also mean that the market participants have confidence in the Binance infrastructure. This turbine may help break Bitcoin.
The data from Cryptoquant highlights the constant dominance of the Binance as the main place for digital asset trading in the encrypted currency industry.
Binance flourishes despite the SEC audit
Relatively, the stablecoin reserves for other exchanges, such as Coinbase, are $ 5.33 billion, up to $ 2.73 billion and Mexc $ 2.24 billion.
Interestingly, Binance’s dominance of the Stablecoin sector occurred despite the previous organizational campaign by the American Securities and Stock Exchange Committee (SEC). SEC recently rejected a lawsuit against Binance, as many stakeholders consider winning the encrypted currency.
The Binance ecosystem seems to be more focused on growing, as CEO, Richard Ting, recently urged society to focus on construction. According to Ten, the innovative building, not speculative bets, is essential to staying in the introduction in the encryption space.
It remains to see whether any other noticeable exchange, such as Coinbase, OKX and Kraken, may try to compete for the market share with Binance.