Binance holds by far the largest proof of reserves among major crypto exchanges, clocking in at roughly $155.6 billion, according to fresh data from CoinMarketCap Research. The figure towers above every other platform combined and highlights just how dominant Binance remains in terms of scale, liquidity, and user confidence.
The report breaks down reserves across major categories: Bitcoin and derivatives, Ethereum and derivatives, exchange of own tokens, other altcoins, and stablecoins. Binance leads in almost every bucket, with $49.8 billion in BTC & derivatives, $9.9 billion in ETH & derivatives, $34.2 billion in its own tokens (mostly BNB), $14.2 billion in other altcoins, and a massive $47.5 billion in stablecoins.
Tiered Market Shows Clear Dominance
The data reveals a sharp tiered structure. Binance sits alone at the top as the global leader with $155 billion. OKX comes in second at $31.3 billion, followed by Bybit at $14.1 billion. Then there’s a clear drop-off: Gate.io ($7.9 billion), HTX ($6.9 billion), Bitget ($3.3 billion), MEXC ($3 billion), and KuCoin ($2.2 billion). The gap between Binance and the rest underscores a market where one exchange holds an outsized share of total reserves, while others compete in more specialized or regional lanes.
Stablecoins and BTC Drive Liquidity, Own Tokens Matter Too
Stablecoins make up a huge chunk of reserves across the board. Binance alone has $47.5 billion, and OKX has $12.5 billion, showing how critical they are for handling withdrawals and maintaining fiat-like liquidity. BTC and ETH holdings follow closely, with Binance again leading. Exchange own tokens play a big role too, especially BNB at $34.2 billion for Binance, which reflects its central place in the ecosystem. Notably, crypto markets weakened during early Asian trading, extending a cautious tone seen over the weekend as global risk sentiment deteriorated. More than $550 million in leveraged long positions were liquidated, with Bitcoin briefly slipping below before stabilising.
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