According to CryptoQuant data, Binance and Binance.US hold about 75% of the stablecoin reserves on tracked exchanges, making them the center where capital that could be used for crypto purchases is concentrated.
The two platforms’ combined share reached approximately three-quarters as of October 2026, while all other tracked exchanges share the remaining 25%. Binance’s share of these reserves continued to grow despite Bitcoin’s sharp declines in 2026.
Stablecoins make up a significant portion of the funds investors can use to buy Bitcoin or altcoins. The distribution of reserves also shows which exchanges hold this potential buying power. In the current picture, Binance and Binance.US together hold about three times the share of all other tracked platforms combined.
Binance and Binance.US’s share of stablecoin reserves. Source: CryptoQuant.For Bitcoin, the key question is when the money will move
CryptoQuant’s analysis highlights the importance of stablecoin flows on Binance for tracking investor behavior. If reserves of this size move into Bitcoin and other crypto assets, they could contribute to buying demand; if investors continue waiting for an opportunity, the capital will remain in stablecoins.
The measure tracked here is not the total amount of reserves, but the distribution of shares across exchanges. A decline in reserves at competing platforms can also raise Binance’s share, so the 75% figure cannot be read on its own as a sign of new inflows. Whether this buying power turns into actual demand will be the main point to watch after the concentration of reserves.
Not investment advice.