Binance Leads Crypto Exchanges by Reserves with $130 Billion War Chest

According to recent data from Arkham's blockchain analytics platform, Binance holds a massive $130.1 billion war chest, making it the largest crypto exchange by reserves.

The figure is based on real-time wallet balances, rather than self-reported numbers, giving traders a rare look at what each exchange has in its reserves.

Binance's dominance is largely due to its holdings of Bitcoin (BTC), with 673,071 BTC worth $42.8 billion making up a significant portion of its reserves.

However, the real story lies in Binance's massive stablecoin balance, with $40.98 billion in USDT alone, dwarfing the market cap of most top 20 crypto assets outright.

In contrast, Coinbase holds $87.96 billion in tracked assets, with a heavy focus on Bitcoin (BTC), holding 975,503 BTC worth $62.03 billion, making up over 70% of its entire portfolio.