Crypto: Binance Holds 65% Of Cex Stablecoin Reserves As Outflows Cool:...

Stablecoin outflows slow to $2 billion as Binance consolidates 65% of CEX liquidity, signaling capital concentration even amid the ongoing crypto bear market.

Stablecoin outflows from centralized exchanges have slowed sharply even as CryptoQuant’s indicators continue to flag weak market conditions, a sign that investor capital is consolidating rather than leaving the sector, the market data provider said.

Flows on centralized exchanges (CEXs) have stabilized, with outflows totaling just $2 billion over the past month, CryptoQuant said in a statement to Cointelegraph on Tuesday.

By contrast, late 2025 saw $8.4 billion in outflows at the start of the bear market, highlighting the moderation in redemptions, CryptoQuant’s marketing head Nick Pitto told Cointelegraph.

“Capital isn’t rushing out of crypto right now; it’s consolidating, particularly on Binance,” Pitto said, adding that the trend would turn bullish only when reserves begin growing or are deployed into risk assets.

According to CryptoQuant’s data, Binance remains the primary hub for stablecoin liquidity, holding $47.5 billion in Tether’s USDt (USDT) and Circle’s USDC (USDC), the two largest stablecoins by market capitalization.

The figure accounts for 65% of total USDT and USDC held across CEXs, and is up 31% from $35.9 billion a year ago.

Major exchanges such as OKX, Coinbase and Bybit lag Binance in stablecoin reserves, with OKX ranking best of the rest at 13% and $9.5 billion.

Coinbase and Bybit account for 8% and 6%, respectively, with reserves of $5.9 billion and $4 billion.

Related: Arkham Exchange pivoting to fully decentralized platform, CEO says

Source: CoinTelegraph