Binance topped the proof-of-reserve ranking in January with $155.6 billion in assets, well ahead of OKX, ByBit and other smaller rivals, highlighting its tiered foreign exchange reserve structure.
summary
- CoinMarketCap’s January 2026 Reserve Report ranked Binance number 1 with $155.6 billion in assets, making it the largest reserve proof stack among major exchanges.
- OKX and Bybit formed the second tier of reserve holders, while regional platforms such as Gate, HTX, Bitget, MEXC, and KuCoin formed a smaller third tier.
- Reserves were concentrated in stablecoins, trading tokens such as Bitcoin, Ethereum, BNB, and popular altcoins such as Dogecoin. $XRPand Solana emphasized that PoR is an important transparency tool in 2022 and beyond.
According to a report published by CoinMarketCap, Binance held $155.6 billion in assets in reserve as of January 2026, ranking No. 1 among major crypto exchanges.
The exchange maintains the largest proof-of-reserve holdings of any global trading platform, the report said. OKX ranks second, followed by Bybit in third place. Other exchanges included in the analysis were Gate, HTX, Bitget, MEXC, and KuCoin.
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The report identified a tiered market structure where Binance holds more reserves than multiple competitors combined. According to the data, OKX and Bybit constituted the second tier of reserve holders, while smaller regional platforms formed the third tier.
According to the report, Binance’s reserves are concentrated in major cryptocurrencies and stablecoins. The holdings included stablecoins, Bitcoin-related assets, exchange-owned tokens, primarily Binance’s native tokens, altcoin reserves, and Ethereum-related assets.
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CoinMarketCap noted that stablecoin holdings act as a liquidity buffer for withdrawals and market operations across exchanges.
Reserve allocation strategies varied across platforms, the report said. OKX allocated a significant portion to stablecoins and Bitcoin-related assets, while Bybit’s reserves showed a higher concentration in stablecoins and Bitcoin.
According to the report, several exchanges disclosed limited information about exchange-owned token and altcoin holdings, focusing on disclosures for Bitcoin (BTC), Ethereum (ETH), and stablecoins. Altcoins commonly held on multiple platforms include Dogecoin, Ripple, and more. $XRP Token and Solana.
In the wake of the industry turmoil in 2022, margin disclosure has become an important transparency measure for crypto exchanges. The composition and size of reserves is considered an indicator of platform stability and market reliability, the report said.
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