Binance has emerged as a dominant force in the crypto trading space, holding about $31 billion in USDT and USDC, which accounts for 59% of all stablecoins across exchanges.
The platform leads in Bitcoin deposits, showcasing user trust through transparent Proof-of-Reserves reports, and has attracted $180 billion in inflows, solidifying its position as a top exchange in terms of liquidity.
With a significant amount of stablecoins stored on the platform, Binance stands out as a major hub for crypto traders and investors, facilitating heavy trading volumes efficiently.
Binance's on-chain transparency and robust Bitcoin transaction volumes further contribute to its reputation and trustworthiness among users, distinguishing it from competitors like Coinbase.