Record Exchange Reserve Swells to $69 Billion

The largest deployable capital pool in cryptocurrency markets has been created by the record $69 billion exchange reserve, according to analyst Crazzyblockk.

This represents approximately 22% of the entire stablecoin market, with Binance alone holding $49 billion or roughly 71% of all exchange-based stablecoin capital.

The top three exchanges - Binance, OKX, and Bybit - control about 94% of exchange stablecoin reserves.

Despite outflows of around $8 billion in stablecoins from exchanges in December, including $3 billion from Bybit and about $2 billion from Binance, Binance still holds close to 15% of global stablecoin supply.