- Binance leads stablecoin reserves with 66% market share, holding $31 billion in assets across exchanges
- Exchange also dominated Futures trading with $1.08 trillion in January 2025 volume
Binance has consistently maintained a dominant position in the crypto exchange landscape, with recent data highlighting its significant edge over competitors. From holding a commanding share of stablecoin reserves to leading the pack in Futures trading volumes, the exchange’s market presence continues to outpace other exchanges,
Needless to say, these findings have simply reinforced Binance’s role as a key player in the crypto space.
Binance’s dominance in stablecoins
In today’s market, stablecoins remain the backbone of on-chain liquidity and trading efficiency – Providing price stability, reducing friction in capital movement, and serving as the default unit of account for traders worldwide.
As of March 2025, Binance holds a staggering 66% share of stablecoin reserves among major exchanges, far outpacing rivals like OKX, Bitget, and Bybit. In fact, according to CryptoQuant data, Binance’s reserve-to-market cap ratio has climbed steadily since late 2023, while competitors have seen their shares stagnate or decline.
Source: CryptoQuant
The data underlined this growing gap – Binance and Binance.US dominate over two-thirds of the stablecoin ecosystem on centralized exchanges, bolstering the exchange’s deep liquidity and investor confidence.
With $31 billion in reserves, Binance benefits from strong user inflows and a robust institutional presence. Meanwhile, new stablecoin projects in 2025 – across Layer 1s, fintech startups, and even potential government initiatives – only deepen the exchange’s strategic grip on this rapidly expanding asset class.
Binance extends its lead in stablecoin reserves
Binance remains the undisputed leader in stablecoin reserves, holding approximately $31 billion – More than double the combined reserves of OKX, Bybit, and Coinbase.
The data revealed a dramatic hike in Binance’s stablecoin holdings since late 2024. This coincided with renewed retail inflows, ETF-driven market optimism, and USDC’s resurgence after Circle’s January deal with BlackRock to expand tokenized treasuries.
Source: Cryptoquant
While Binance.US also saw some steady growth, competitors like Bitget and Kraken may appear dwarfed in comparison.
Binance’s dominance stems from its deep liquidity pools, low-fee structure, and aggressive market-making programs that attract both institutional and retail users. Additionally, its early integration of stablecoins like FDUSD and TUSD as zero-fee trading pairs has kept volumes high.
With new Layer 1 ecosystems launching stablecoins, Binance continues to capture most of those inflows.
$1 trillion figure month wasn’t a fluke
In January 2025, Binance blew past competitors with a staggering $1.08 trillion in monthly Futures trading volume – Nearly doubling Bybit ($509 billion) and eclipsing Coinbase and OKX.
While February and March saw a pullback to $717 billion and $498 billion, respectively, Binance still commands the Futures arena. Its lead stems from an unmatched combination of deep liquidity, product breadth, and accessibility for retail and institutional users alike.
Source: Cryptoquant
The exchange benefits from an intuitive interface, low trading fees, and advanced risk-management tools that cater to high-volume futures traders.
In mid-January, Binance also delisted a series of cross and isolated margin pairs, a move that may have streamlined capital allocation and improved trading efficiency for institutional accounts.
To put it simply, despite regulatory overhang in some regions, Binance’s global reach keeps it ahead of the curve in this high-stakes derivatives market.
