Binance to Overtake Coinbase as Exchange Reserve Hits ATH 25%

Binance, one of the world’s largest cryptocurrency exchanges, is reaching new heights, with its reserve percentage hitting a record 25%. This places Binance as the second-largest exchange in terms of crypto reserves, trailing only Coinbase, which holds around 33%.

This milestone highlights Binance’s growing influence in the crypto market and its push to challenge Coinbase’s dominance.

Binance Sets New Record in Exchange Reserves

According to CryptoQuant on-chain analyst Maartunn, Binance has reached a major milestone, with its Exchange Reserve Percentage hitting an all-time high of 25%. This shows the platform’s growing dominance and popularity in the crypto market, as the metric represents the share of crypto reserves held by Binance compared to all exchanges.

Maartunn’s data shows that Binance’s reserve percentage increased by 4% over the past year, from 21% in November 2023 to 25% now. Though this rise may seem gradual, it’s a notable gain, especially given the tough competition among exchanges. This growth shows Binance’s ability to expand and attract more reserves in a highly competitive market.

Binance Eyes Coinbase’s Top Spot

Currently, Coinbase leads with 33% of all exchange reserves, but Binance is rapidly catching up. If Binance’s reserve growth continues, it could soon surpass Coinbase.

The platform’s growing user base and strong market sentiment suggest this shift might happen sooner than anticipated, challenging Coinbase’s long-held position at the top.

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Binance’s Push for Market Leadership

Binance’s ongoing expansion efforts are part of a larger strategy to strengthen its position in the market. By continually improving its offerings, implementing robust security measures, and enhancing customer service, Binance is likely to attract even more users in the coming months. 

As the exchange’s reserve percentage continues to rise, it’s clear that Binance is positioning itself to be the dominant player in the global crypto exchange ecosystem.