Binance dominates CEX stablecoin reserves and inflows, reflecting deep market trust and consistent institutional activity.
Coinbase leads in total reserves, lacking public Proof-of-Reserves unlike Binance which provides on-chain transparency.
Binance leads in stablecoin reserves with $31 billion deposits, while Coinbase has higher total reserves at $129 billion.
CEX exchanges face challenges like declining spot trading volume and regulatory pressures, but there are new collaborative initiatives like the CEX Alliance supporting TRON-based meme projects.