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The bigger the tree, the more the wind blows.
Especially since FTX's collapse, Binance has been constantly under scrutiny. People frequently claim Binance is failing, is about to run away, or is doing poorly.
Whenever I see these attacks for the sake of attacking, I really don't understand what these people are thinking. Especially those who say Binance is failing. Now the data is right here; I just want to ask, aren't you ashamed?
CoinGlass just released its Q1 2026 cryptocurrency market share report. In Q1, the total trading volume of spot and derivatives was approximately $20.57 trillion, with derivatives accounting for the majority ($18.63 trillion). While the market hasn't reached the peak of the bull market, it hasn't cooled down either; it's slowly recovering overall. More significantly, funds and liquidity are increasingly concentrated on leading platforms.
Binance's performance in the report remains strong:
- Derivatives trading volume: $4.90 trillion, accounting for 34.9% of the Top 10, more than OKX ($2.19 trillion) and Bybit ($1.49 trillion) combined. Daily average trading volume is approximately $55 billion, with its share recovering from 33.2% in January to 35.7% in March.
- Open Interest (OI): Daily average of $23.9 billion, accounting for 29.9% of the Top 10, 2.2 times that of Bybit. Peak volume reached $32.1 billion.
- Liquidity depth: BTC futures ±1% depth reached $284 million, far exceeding OKX's $160 million. It also leads in other instruments such as ETH.
- Custodial assets: The most telling indicator of user trust—Binance holds an average of $15.29 billion in custody, accounting for 73.5% of major CEXs, nearly 10 times that of OKX ($1.59 billion). This isn't money for quick profits; it's real money held long-term.
The report shows Binance ranked first in all four key metrics: trading volume, open interest, market depth, and reserves, with a particularly strong lead in depth and asset reserves. This indicates that users not only trade on Binance but are also willing to hold their money there long-term, demonstrating high trust.
Of course, the report also mentions the rapid rise of Hyperliquid, an on-chain derivatives platform, which saw nearly $500 billion in trading volume in Q1, breaking into the Top 10, but still lags significantly behind Binance's scale.
In general, Q1 was a period of market reshuffling and recovery. Those claims of declining Binance market share and liquidity loss now seem like noise. The market doesn't listen to stories; it only looks at fund flows. Users vote with their real money, and Binance remains the most trusted and strongest platform.
The data speaks for itself; rumors naturally crumble.
--- For me, Binance is the best exchange to use, and I believe Binance will only get better.
Always believe in @cz_binance @heyibinance

CoinGlass
@coinglass_com
CoinGlass 2026 Q1 Cryptocurrency Market Share Research Report
One key takeaway from the Report:
Trading stayed active, but liquidity and capital became even more concentrated at the top.
Binance remained the clear leader in volume, OI, depth, and reserves, while Hyperliquid

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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