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9h ago

CoinMarketCap’s January Proof-of-Reserve Rankings Put Binance Far Ahead With $155.6 Billion

Stablecoin balances function as the key liquidity buffer for exchange withdrawals.

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

Overview

  • OKX ranked second and Bybit third in total reported assets for the January 2026 snapshot.
  • The report outlines a three-tier market structure with Binance alone at the top, OKX and Bybit in a second tier, and smaller regional platforms forming a third tier.
  • Reserves are concentrated in stablecoins, Bitcoin, Ethereum, exchange tokens such as BNB, and popular altcoins including Dogecoin, XRP, and Solana.
  • OKX allocates sizable portions to stablecoins and Bitcoin-related assets, while Bybit shows a higher concentration in stablecoins and Bitcoin.
  • Several exchanges disclose limited details on exchange-owned tokens or altcoin holdings, focusing on Bitcoin, Ethereum, and stablecoins, with coverage also spanning Gate, HTX, Bitget, MEXC, and KuCoin.