Binance Strengthens Its Positions: $31 Billion in Stablecoins and Growing Interest from Large Investors
Date: 2025-06-06 Author: Gabriel Deangelo Categories: BUSINESS
According to the analytical platform CryptoQuant, the cryptocurrency exchange Binance has concentrated $31 billion in its reserves in the form of stablecoins, in particular, Tether (USDT) and USDC. This figure is almost 59% of all stablecoins listed on the twenty largest crypto exchanges in the world.
In May 2025 alone, stablecoins worth $31 billion were received on the Binance platform. Since the beginning of this year, the total inflow of funds in USDT and USDC has amounted to about $180 billion, which indicates steady interest from institutional and large private investors.
CryptoQuant emphasizes that Binance also demonstrates the highest figures for the average volume of deposits in bitcoin. On May 22, the average deposit on the platform rose to 7 BTC as the BTC price reached a new all-time high of $112,000. In comparison, similar figures on other well-known platforms were significantly lower: 5 BTC on Bitfinex, 1.23 BTC on OKX, 0.8 BTC on Coinbase, and 0.7 BTC on Kraken.
In terms of total reserves, Binance is a solid second place with $110 billion in assets, including Bitcoin, Ethereum, USDT, and USDC. Coinbase remains in first place with $129 billion in total reserves.
It is important to note that Binance is committed to transparency, regularly publishing updated Proof-of-Reserves backed by wallet addresses in real-time. In contrast, Coinbase uses a traditional approach with external audits, making its model less responsive.
Previously, former Binance CEO Changpeng Zhao expressed concerns about the widespread use of Bitcoin as the basis of corporate reserves, noting that widespread adherence to this practice could increase systemic risks to the financial stability of the crypto market.
