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3d ago

Binance Dominates January Proof‑of‑Reserves at $155.6 Billion, Setting a Three‑Tier Market

CoinMarketCap’s snapshot highlights a post‑2022 push for on‑chain transparency with reserves clustered in highly liquid assets.

Binance tops proof of reserve rankings with $155.6b in assets
Binance dominates crypto reserves with $155 billion lead

Overview

  • OKX reported about $31.29 billion and Bybit about $14.17 billion, with Gate (~$7.86 billion), HTX (~$6.92 billion), Bitget (~$5.33 billion), MEXC (~$2.97 billion) and KuCoin (~$2.16 billion) trailing.
  • CoinMarketCap identifies a three‑tier reserve landscape, with Binance’s holdings surpassing the combined totals of several competitors.
  • Reserves across major exchanges concentrate in stablecoins, Bitcoin and Ethereum, alongside exchange tokens and altcoins such as Dogecoin, XRP and Solana.
  • Stablecoin balances serve as liquidity buffers for customer withdrawals and market operations, reinforcing day‑to‑day resilience.
  • Disclosure depth varies by platform, with some exchanges providing limited detail on exchange‑owned tokens or altcoin positions and prioritizing BTC, ETH and stablecoin reporting.