Cryptocurrency exchange Binance has consolidated $31 billion in reserves in stablecoins Tether (USDT) and USDC, accounting for nearly 59% of the total volume of “stablecoins” on the top 20 trading platforms, according to analysts at CryptoQuant.
In May 2025, Binance recorded stablecoin inflows amounting to $31 billion. Since the beginning of the year, the inflow of USDT and USDC has reached $180 billion.
“Binance continues to show the highest average Bitcoin inflow, indicating the attraction of major players. The average deposit on Binance jumped to 7 BTC on May 22, when the first cryptocurrency reached a new all-time high of $112,000. Average deposits on other major exchanges were lower: Bitfinex (5 BTC), OKX (1.23 BTC), Kraken (0.7 BTC), and Coinbase (0.8 BTC),” claim CryptoQuant analysts.
In terms of total reserves, Binance ranks second with $110 billion in assets in Bitcoin, Ethereum, USDT, and USDC. Coinbase leads with $129 billion.
Analysts note that Binance publishes up-to-date reserve data (Proof-of-Reserves) with wallet addresses in real-time, whereas Coinbase relies on traditional financial audits.
Earlier, former Binance head Changpeng Zhao warned of the risks associated with the widespread creation of corporate reserves based on the first cryptocurrency.