Binance Dominates Exchange Reserves With $155B Lead in January

Key Insights

• Binance dominates exchange reserves with $155.64 billion total holdings
• Exchange holds $47.47 billion in stablecoins and $49.84 billion in Bitcoin
• OKX ranks second at $31.29 billion, Bybit third with $14.17 billion

Binance dominates exchange reserves. It holds $155.64 billion in total assets as of February 3, 2026. CoinMarketCap’s proof of reserve analysis confirmed this.

The exchange’s reserve base exceeds the combined holdings of the next seven largest exchanges by nearly $70 billion.

OKX ranked second with $31.29 billion in reserves, followed by Bybit at $14.17 billion. The data shows clear tiering in exchange reserves. Binance operates at a scale five times larger than its closest competitor. This highlights its dominant position in the market.

Binance Leads Across All Major Asset Categories

Binance holds $49.84 billion in Bitcoin and derivatives. It also has $9.95 billion in Ethereum and derivatives. In addition, it holds $47.47 billion in stablecoins.

The exchange’s own token reserves total $34.20 billion, driven primarily by BNB. Other altcoins account for $14.16 billion of themm total reserve base.

Bitcoin-related assets account for 32.03% of total reserves, stablecoins comprise 30.50%, and exchange tokens make up 21.98%. Ethereum-related assets hold 6.40%, while other altcoins account for 9.10%.

OKX holds $10.42 billion in Bitcoin and derivatives. It also has $3.80 billion in Ethereum and derivatives. In addition, it holds $12.49 billion in stablecoins.

Exchange own tokens total $1.75 billion, while other altcoins comprise $2.83 billion of reserves. Stablecoins account for 39.90% of OKX reserves, the highest proportion among major exchanges with disclosed data.

Bitcoin-related assets make up 33.28%, while Ethereum holdings account for 12.16%. The exchange maintains $2.83 billion in non-major altcoins.

Bybit Focuses Heavily on Stablecoins

Bybit holds $4.48 billion in Bitcoin and derivatives. It also has $1.08 billion in Ethereum and derivatives. In addition, it holds $6.92 billion in stablecoins. The exchange’s total reserves reach $14.17 billion, with stablecoins comprising 48.85% of holdings.

Bitcoin-related assets account for 31.61% of Bybit reserves, while Ethereum holdings make up 7.59%. Exchange own tokens total $460.76 million or 3.25%, and other altcoins account for $1.23 billion or 8.71%.

Gate holds $1.95 billion in Bitcoin and derivatives. It also has $961.37 million in Ethereum and derivatives. In addition, it holds $1.96 billion in stablecoins. Total reserves reach $7.86 billion, with other altcoins accounting for $2.00 billion or 25.42% of holdings.

The exchange maintains $992 million in exchange-owned tokens, representing 12.61% of reserves. Bitcoin-related assets comprise 24.78%, while Ethereum holdings account for 12.22%. Gate’s relatively high altcoin exposure at 25.42% distinguishes it from other top exchanges.

HTX Leads in Altcoin Holdings

HTX holds $1.60B in Bitcoin and derivatives, $288.32M in Ethereum and derivatives, and $1.62B in stablecoins. Total reserves reach $6.92 billion, with other altcoins accounting for $2.96 billion or 42.78% of holdings.

The 42.78% allocation to non-major cryptocurrencies represents the highest proportion among ranked exchanges. Bitcoin-related assets comprise 23.07%, stablecoins account for 23.37%, and Ethereum holdings make up 4.17%. Exchange own tokens total $457.57 million or 6.61%.

MEXC holds $483.09 million in Bitcoin and derivatives. It also has $141.53 million in Ethereum and derivatives. In addition, it holds $2.35 billion in stablecoins. Total reserves reach $2.97 billion, with stablecoins comprising 78.97% of holdings.

The stablecoin-heavy allocation far exceeds other exchanges in the ranking. Bitcoin-related assets account for just 16.26%, while Ethereum holdings make up 4.76%. MEXC has not disclosed exchange own token holdings or other altcoin reserves.

Smaller Exchanges Maintain Focused Reserve Structures

Bitget holds $2.82 billion in Bitcoin and derivatives. It also has $664.25 million in Ethereum and derivatives. In addition, it holds $1.84 billion in stablecoins.

Total reserves reach $5.33 billion. The exchange has not disclosed exchange own token or other altcoin holdings. KuCoin holds $727.49 million in Bitcoin and derivatives. It also has $242.77 million in Ethereum and derivatives. In addition, it holds $1.19 billion in stablecoins.

Total reserves reach $2.16 billion. Stablecoins comprise 55.08% of KuCoin reserves, Bitcoin-related assets account for 33.68%, and Ethereum holdings make up 11.24%.

The data comes from exchanges’ official disclosures, with total values calculated using prices as of February 3, 2026.

Across all exchanges, DOGE, XRP, and SOL stand out as key altcoin holdings beyond the core Bitcoin, Ethereum, and stablecoin allocations.

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