Binance has once again solidified its position as the leading global crypto exchange, outpacing competitors in both altcoin and stablecoin deposit activity across the Ethereum and TRON networks. According to recent data from CryptoQuant, Binance consistently attracts the highest volume of deposits, making it the preferred platform for traders and investors seeking liquidity and a broad selection of digital assets.
Altcoin Deposits: Binance Sets the Pace
During the peak of the last altcoin rally, Binance processed up to 59,000 altcoin deposits in a single day—more than double the volume seen on Coinbase and significantly higher than all other exchanges combined. Even outside of market surges, Binance maintains a daily average of around 13,000 altcoin inflow transactions, compared to 6,000 for Coinbase and 10,000 for other platforms. This sustained lead is largely attributed to Binance’s extensive range of supported altcoins and its deep liquidity pools, which appeal to both retail and institutional participants 1.
Stablecoin Inflows: Ethereum and TRON Networks
On the Ethereum network, Binance is the top destination for stablecoin deposits, particularly for USDT and USDC. Over a recent period, Binance received approximately 53,000 Ethereum-based stablecoin transactions, outpacing Coinbase (42,000), Bybit (28,000), and OKX (11,000). These inflows are often seen as a signal of upcoming trading activity, as users move capital onto exchanges in preparation for market opportunities 1.
The trend is even more pronounced on the TRON network, where Binance registered about 384,000 USDT inflow transactions in just seven days. Bybit followed with 321,000, and HTX with 163,000. TRON’s low fees and fast transaction speeds have made it a popular choice for stablecoin transfers, and Binance’s dominance on this network further cements its role as the primary entry point for stablecoin trading 1.
Why Binance Leads
Binance’s edge comes from its wide selection of altcoins, competitive fees, and robust trading infrastructure. The platform’s ability to handle high transaction volumes and provide deep liquidity makes it the go-to choice for users looking to capitalize on market movements. This dominance in both altcoin and stablecoin inflows not only reflects trader confidence but also positions Binance to benefit from increased trading volumes and market activity 1.
What This Means for Crypto Traders
For anyone active in the crypto space, Binance’s leadership in deposit activity signals where the majority of liquidity and trading opportunities are concentrated. Whether moving altcoins or stablecoins, traders are choosing Binance for its reliability, speed, and market depth.
