Binance dominates CEX stablecoin reserves and inflows, reflecting deep market trust and consistent institutional activity.
Coinbase leads in total reserves, but lacks public Proof-of-Reserves, unlike Binance which provides on-chain transparency.
When you want to store large funds in crypto, your choice may not be far from CEX such as Binance or Coinbase. These two names do dominate the centralized crypto exchange industry, especially when it comes to asset reserves and fund inflows. But behind those big numbers, there is another story that is no less important.
Transparency vs. Size: Binance and Coinbase Take Different Paths
Data from CQ Research shows that Binance leads in terms of stablecoin reserves, with total USDT and USDC deposits worth $31 billion. That means almost 60% of all stablecoin reserves on CEXs in the world are on this CEX. Meanwhile, Coinbase is superior in total reserves, reaching $129 billion, compared to Binance which is at $110 billion.
Source: CQ Research on
