BINANCE CONTROLS 73.5% OF CEX USER ASSETS IN Q1
Binance continues to dominate centralized exchange custody, holding 73.5% of total user assets among top platforms. The exchange averaged $152.9B in user funds during Q1.
The gap is massive. The next closest competitor, OKX, holds just $15.8B on average, nearly 10x smaller. Other exchanges like Gate, Bitget, and Bybit trail even further behind.
This level of concentration highlights Binance’s role as the primary liquidity hub in crypto. Despite ...