Binance has reinforced its status as the premier altcoin trading platform, showing significant leadership in altcoin deposit activities, according to a recent analysis from on-chain data provider CryptoQuant.
Binance leads crypto inflows.
During the Nov–Dec rally, it saw 59K altcoin deposit txs/day vs. 26K on Coinbase.
This week: 384K USDT txs on TRON, more than Bybit + HTX combined. pic.twitter.com/zba38IxNHe
— CryptoQuant.com (@cryptoquant_com) June 17, 2025
During the intense altcoin rally from November to December of the previous year, Binance processed around 59,000 deposits in just one day—more than double Coinbase’s approximate 26,000 deposits and significantly exceeding the combined total of 24,000 across all competing exchanges.
Even amidst less volatile market conditions, Binance continues to dominate, averaging around 13,000 altcoin inflow transactions daily. This is in stark contrast to Coinbase, which averages about 6,000, while other exchanges hover around 10,000.
The influx of altcoin deposits tends to surge following robust market rallies, indicating that traders are moving assets onto exchanges to secure profits. These patterns often align with local price peaks and a rise in speculative activities, as highlighted by CryptoQuant.
Binance’s ability to attract substantial inflows is largely attributed to its extensive range of altcoin offerings and substantial liquidity, making it the preferred platform for both retail and institutional traders during periods of increased market activity.
Stablecoin Activity on Ethereum Favors Binance
In addition to altcoins, Binance also commands a substantial share of stablecoin inflows on the Ethereum network, particularly for transactions involving USDT and USDC, according to CryptoQuant.
In a recent period studied, Binance processed approximately 53,000 Ethereum-based stablecoin transactions, compared to 42,000 for Coinbase, 28,000 for Bybit, and only 11,000 for OKX. This data reinforces Binance’s position as the primary gateway for dollar-denominated capital entering the crypto market through Ethereum.
Stablecoin inflows are often indicative of impending trading activity, as they represent funds that traders place on exchanges for potential future use.
Binance’s dominance in this area reflects robust trader and investor confidence, further solidifying its reputation as the leading platform for liquidity and efficient trade executions.
TRON Network Data Further Confirms Binance’s Edge
The positive trend is similarly observed on the TRON network, where Binance consistently achieves the highest volume of USDT deposits. In the last week alone, Binance recorded nearly 384,000 USDT inflow transactions, surpassing Bybit’s 321,000 and HTX’s 163,000.
Thanks to its low transaction fees and fast processing times, TRON has emerged as the preferred choice for stablecoin transfers. A significant portion of this traffic is directed to Binance, illustrating the exchange’s solidified position in stablecoin trading.
CryptoQuant also emphasizes that exchanges commanding stablecoin inflows are well-positioned to capitalize on increased trading volumes and enhance user trust.
Binance’s ongoing advantage across both the Ethereum and TRON networks solidifies its central role in global crypto liquidity and capital distribution.
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