Bitcoin reserves on Binance remain at 659,000 BTC, with a Netflow-to-Reserve ratio of 0.6%, indicating no signs of fund outflows, according to CryptoQuant.

Compared to the end of 2025, when reserves were at 657,000 BTC, this figure has barely changed. It has increased by 7% from the annual low on July 10, 2025.

Source: CryptoQuant.

"The Netflow-to-Reserve ratio in January was 0.006 (0.6%). […] In comparison, in December 2022, following the FTX collapse, this figure dropped to -0.12 (-12%), as users withdrew funds en masse," the report states.

Source: CryptoQuant.

CryptoQuant analysts note that the current level is comparable to Coinbase's ratio of -0.005. Other exchanges, including Bitstamp, Kraken, and HTX, have reported a 5-9% decrease in reserves over the same period.

Source: CryptoQuant.

Trading Volumes

In January 2026, Binance's total trading volume exceeded $2.1 trillion: $518.32 billion in spot markets and $1.6 trillion in derivatives.

📊 Check out the Exchange Activities For January 2026! 🏆
Over the last 30 days, ~81% of crypto trading volume came from derivatives, with activity heavily concentrated on a few major exchanges. Binance is firmly in the lead with over $2 trillion in combined volume… pic.twitter.com/hPEVCnPhPg

— CoinMarketCap (@CoinMarketCap) January 30, 2026

According to CoinMarketCap, this is 2.6 times more than its closest competitor, MEXC ($804.89 billion), and exceeds the combined volume of the next three largest exchanges.

SAFU Conversion to Bitcoin

On January 30, Binance announced the conversion of $1 billion from its SAFU insurance fund into Bitcoin. The operation is expected to be completed within 30 days. If the market value of the fund drops below $800 million due to price fluctuations, the exchange will restore the balance to $1 billion.

As of February 4, Binance had acquired 2,630 BTC by converting $200 million USDC. SAFU wallet addresses:

Recall that in January, Binance published its report for 2025. The total trading volume across all products was $34 trillion, and the number of registered users exceeded 300 million.