Recently, there have been constant discussions behind the scenes about Binance @binancezh, with various voices quite prevalent. However, when the CoinGlass 2026 Q1 cryptocurrency market report came out, I felt that this was actually the most objective and powerful response!

Let's take a look together:

In the entire first quarter, the total trading volume of the market was $20.57 trillion, with derivatives accounting for $18.63 trillion, and spot trading only $1.94 trillion, which is nearly 9.6 times that of spot trading.

It's obvious that the market is becoming more professional and institutionalized, no longer resembling the casual trading of retail investors in the past.

What surprised me the most is Binance's user custody funds: $152.9 billion, accounting for 73.5% of the total reserves of all mainstream exchanges, with a BTC reserve of 659,000 coins.

This ratio is much higher than its trading volume and open interest share, indicating that people are genuinely willing to keep their money here for the long term, rather than just coming in to make a quick profit and leave.

Other data is also quite impressive:

· Derivatives trading volume of 4.9 trillion, accounting for 34.9% in the top ten.

· Average OI of 239 billion, accounting for 29.9%.

· Spot share increased to 35.4%, derivatives at 35.7%.

· BTC and ETH market depth is the best in the industry, with very small slippage on large trades.

Interestingly, the total market trading volume shrank by 23%, yet Binance's share actually increased. When the market is not doing well, everyone talks about diversifying risks, but actions speak louder than words—funds and liquidity always flow to the most stable and deepest places.

I've been using Binance for several years, and what matters most to me is the safety of funds and user experience. It is certainly not perfect, and there has been a fair amount of negative feedback lately:

Some of it is unfounded speculation, while some are indeed real issues, such as occasional lag, stricter risk controls, and minor experience-related bugs—these do exist!

But one thing I truly appreciate is that they never hide or remain silent; when problems arise, they respond with data and resolve issues through optimization.

It may not be the most perfect platform, but it is certainly the one that dares to take responsibility and confront problems. The core reason users are willing to put large sums of money here is simply two words: peace of mind.

This aligns with the original intention behind the name Binance: to let users feel safe while trading.

The industry is also constantly evolving; decentralized contract platforms like Hyperliquid performed exceptionally well in Q1, with trading volume of 492.7 billion and open interest of 6 billion, growing rapidly. The entire industry is expanding and progressing together, not about one replacing another.

The choices users make with their real money clearly show that Binance's core position is hard to shake in the short term. Its advantages did not come overnight; they are built up gradually through trading volume, depth, fund security, and long-term reputation.

In the past year, Binance has faced significant pressure: 4.3 billion in fines, with the founder taking responsibility. Many other platforms might not have survived, but it hasn’t collapsed or run away; it continues to comply, develop products, and protect user assets, with Q1 share reaching a new high.

The true character of a platform really shows when times are tough.

Moreover, its transparency is rare in the industry: the official website publicly discloses all hot wallet addresses in real-time, with 659,000 BTC displayed on-chain, accessible for anyone to check at any time, with every coin accounted for. The wallet system is entirely self-developed, not outsourced, ensuring security is firmly in its own hands. This isn’t just lip service; it’s a solid foundational guarantee.

There's also a small but very heartwarming detail: in the past, if you charged to the wrong chain or transferred to the wrong address, it was basically lost, with the industry defaulting to users being responsible. Binance was the first to actively work on asset recovery, slowly setting a standard that the entire industry now references.

No one forced it to do that; it was simply because it was the users' money.

Now, Binance has become a leading entity in the industry and has no time for internal disputes. What it is genuinely doing is representing Web3, providing more opportunities and fairness for people overlooked by traditional finance.

As an old user, I have no grand rhetoric; I just hope it continues to maintain its current attitude: listen more to the genuine voices of users, pay attention to the details, and focus on doing things steadily!

No matter how fast the market changes, what ultimately matters is real strength and trust. Not shouting or comparing, not attacking. Just building steadily is enough!

As a Binance user, I only need to keep building with Big Brother @cz_binance and Sister @heyibinance.#BNB That's all!#Binance