Binance Dethrones Coinbase as the Exchange with the Most Bitcoin Holdings
The crypto landscape is shifting! In a significant development, Binance has flipped Coinbase to rank as the number one exchange globally with the most bitcoin held. This marks a major milestone, showcasing the growing trust in Binance's platform.
According to a CryptoQuant post, Binance Stands Strong Against Market Tides and has officially surpassed Coinbase as the exchange with the largest reserve of Bitcoins. This claim is further supported by a July 18 tweet from Blockware Solution lead analyst Will Clemente, confirming that Binance has overtaken Coinbase as the exchange holding the most Bitcoin.
Data from Glassnode reinforces this trend, revealing that Binance surpassed Coinbase and became the crypto exchange with the most Bitcoin holdings in the world. Indeed, Binance and Coinbase have traded places in terms of which one of them held the most Bitcoin of any exchange. Up until recently, Coinbase has held its position as the largest Bitcoin exchange since 2025. Bitcoin holdings on Coinbase have fallen below the 600,000 barrier.
Binance, one of the world’s largest cryptocurrency exchanges, is reaching new heights, with its reserve percentage hitting a record 25%. This places Binance as the leader in Bitcoin holdings. This is yet another milestone for Binance, depicting the trust vested in the exchange.
The implications of this shift in power are significant for the cryptocurrency market. As the race to hold the most Bitcoin intensifies, Binance's ascendancy suggests a growing confidence in its platform and a potential shift in market dynamics.