CryptoQuant: On-Chain Data Confirms Binance's Stability Amid Market Turbulence

CryptoQuant reports that Binance's Bitcoin reserves have remained stable at approximately 659,000 BTC, reflecting a Netflow-to-Reserve ratio of 0.6%. This stability suggests there are no significant fund withdrawals, contrasting sharply with last December's figures following the FTX collapse, when the ratio plummeted to -12%.

Analysts from CryptoQuant highlighted that, since mid-2025, Binance's reserves have only increased by 7% from their lowest point. This performance stands in stark contrast to other platforms like Bitstamp and Kraken, which have experienced reserve declines of 5-9% during the same timeframe.

Trading Performance

In January 2026, Binance achieved impressive trading volumes of over $2.1 trillion, with about $518 billion coming from spot markets and approximately $1.6 trillion from derivatives. This volume is notably 2.6 times that of MEXC, its nearest competitor, which recorded about $804 billion in trading.

Furthermore, CoinMarketCap noted that around 81% of the trading activity on Binance was derived from derivatives, solidifying its position as a market leader.

SAFU Fund Conversion to Bitcoin

In a significant move, Binance announced on January 30 the conversion of $1 billion from its SAFU insurance fund into Bitcoin. The conversion process is expected to take about 30 days. If the value of this fund drops below $800 million due to market volatility, Binance will replenish it back to the $1 billion mark. As of February 4, Binance had procured 2,630 BTC from this initiative by converting $200 million USDC.

In its latest report for 2025, Binance revealed that its total trading volume reached an impressive $34 trillion, while its user base surpassed 300 million, underlining its robust growth in the crypto space.