Binance is the Leader in Ethereum Reserves: 4.3M ETH

Considered at Ethereum’s current price of $3,900, the total fiat value of these reserves is approximately $16.77 billion. The fact that Binance has such a large reserve and can increase its reserves logarithmically stands out as a situation that gives confidence to both its users and the general crypto ecosystem.

Historical Development of Ethereum Reserves

Binance’s Ethereum reserves have been growing steadily over the years:

January 2018: 300 thousand ETHOJanuary 2019: 2.2 million ETHOJanuary 2020: 2.5 million ETHOJanuary 2021: 3.4 million ETHOJanuary 2022: 4.1 million ETHOJanuary 2023: 4.5 million ETHOJanuary 2024: 4.3 million ETH

Despite minor fluctuations, the general trend points to Binance steadily increasing its Ethereum reserves.

Top 5 Exchanges by Ethereum Reserves

To put Binance’s reserves into context, let’s take a look at the reserve amounts of other leading exchanges:

Binance: 4.3 million ETHCoinbase: 4.1 million ETHBitfinex: 2.9 million ETHKraken: 1.2 million ETHOKX: 1.1 million ETH

Binance is in a clear leadership position, leaving behind strong competitors such as Coinbase.

You may have noticed that Binance’s Ethereum reserves decreased from 4.5 million ETH to 4.3 million ETH in 2024.

The main reason for this is the ongoing bull rally. Historically, it has been observed that during bull markets users tend to withdraw their funds and keep them in trading, staking or cold wallets. This situation can be considered as a normal result of bull markets.

The huge Ethereum reserves owned by Binance not only provide successful liquidity, but also stand out as an element that gives confidence to the ecosystem.

Large investors, or “whales,” are able to make large volumes of transactions without experiencing price slippage by taking advantage of the high liquidity offered by Binance. Additionally, Binance has steadily increased its reserves over the years, clearly demonstrating the robustness of the platform’s infrastructure and user trust.

These reserves make Binance a reliable trading platform for both individual and institutional investors.

With 4.3 million Ethereum reserves, Binance continues to lead the market.

Its success in liquidity and trust makes the platform a safe haven for investors in both bull and bear markets. While temporary fluctuations are natural, Binance’s long-term growth trend demonstrates its reliability and durability.

These reserves play a critical role in providing liquidity, security and accessibility for millions of users, contributing to the growth of the crypto ecosystem.