What To Know:
- Binance led January 2026 exchange reserves with $155.6 billion in assets, far ahead of all major competitors, according to CoinMarketCap.
- Stablecoins and Bitcoin formed the core of Binance’s reserves, together accounting for over 60% of total holdings.
- CoinMarketCap identified DOGE, XRP, and SOL as recurring altcoin holdings.
Binance leads in global crypto exchange reserves in January 2026, according to CoinMarketCap’s latest Mainstream Crypto Exchange Reserve Ranking Report released on Feb. 4.
The data places Binance firmly at the top of the industry, with total reserves valued at approx $155.64 billion. Binance’s figures are far exceeding those of all other major centralized exchanges.
Even as several competitors maintain sizable holdings, none approach Binance’s reserve depth, a factor that increasingly shapes perceptions of liquidity, withdrawal readiness, and platform reliability.
Binance Tops CoinMarketCap’s January 2026 Exchange Reserve Rankings
A closer look at the reserve composition shows that stablecoins and Bitcoin remain the backbone of Binance’s holdings. Stablecoin reserves stood at roughly $47.47 billion, which accounts for 30.5% of total assets. These numbers indicate the exchange’s emphasis on maintaining a liquid buffer capable of supporting user withdrawals during periods of heightened volatility.
📊 New data drop: Proof of Reserve analysis across top exchanges reveals massive scale differences, distinct asset strategies, and where liquidity really sits.
Binance’s dominance is striking, but the compositional differences tell an even more interesting story 👇 pic.twitter.com/QTF4b8uc8T
— CoinMarketCap (@CoinMarketCap) February 4, 2026
Bitcoin-related reserves formed the largest single asset category on the platform. Binance reported approx $49.84 billion in BTC and BTC-linked assets, i.e., just over 32% of its total reserves. This positioning reinforces Binance’s central role in Bitcoin liquidity, trading, and settlement across global markets.
CoinMarketCap noted that Binance’s reserve structure remains both liquid and diversified. Alongside stablecoins and Bitcoin, the exchange reported around $34.20 billion in exchange-owned tokens, largely driven by BNB. Other altcoin reserves amounted to around $14.16 billion, and ETH-related assets accounted for close to $10 billion. The mix is intended to help ensure that operations continue even during maintaining exposure through major cryptocurrency categories.
The report also highlighted how reserve scale still divides exchanges into distinct tiers. OKX ranked second with total reserves of about $31.29 billion, followed by Bybit at around $14.17 billion for third place. Gate had $7.86 billion in reserves, HTX reported $6.92 billion worth, and Bitget reported holding $5.33 billion. MEXC and KuCoin rounded out the list with $2.97 billion and $2.16 billion respectively.
This distribution points to a market where Binance operates in a category of its own, with OKX and Bybit forming a distant second tier. On the other hand, another striking point in the report is that smaller global and regional platforms comprise a third group with comparatively limited reserve capacity.
OKX reported around $12.49 billion in stablecoins alongside more than $10.4 billion in Bitcoin-related assets. Bybit’s reserves showed a similar emphasis on stablecoins and BTC, though with lower overall scale. Several exchanges provided limited disclosure on exchange-owned tokens or detailed altcoin breakdowns, and focused disclosures on core assets such as Bitcoin, Ether, and stablecoins.
Across platforms, CoinMarketCap identified DOGE, XRP, and SOL as recurring altcoin holdings, which shows these altcoins are still relevant amid crypto slump.
The January 2026 rankings arrive at a time when proof-of-reserve disclosures remain a critical reference point for the industry. Since the market turmoil in 2022, reserve transparency has become closely associated with user confidence, and stablecoin holdings are commonly regarded as cash-like instruments used to meet withdrawals and to enable day-to-day operation.
CoinMarketCap highlighted that both the size and characteristics of reserves are now useful measures of platform durability. In that regard, Binance is the most successful reserve holder due to a liquidity and market confidence that almost no other crypto exchange is providing and which further supports it with the highest capitalization of all centralized crypto exchanges entering 2026.
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