Key Insights
- Binance leads rivals with high spot, futures, and stablecoin levels.
- Bitcoin whale deposits on Binance jumps to the highest level this year.
- BTC and ETH inflows to the top exchange stay above normal, shaping liquidity.
Binance exchange dominance among trading platforms grew in late November as new figures showed strong spot and futures activity, record stablecoin reserves, and a sharp rise in Bitcoin whale deposits.
The exchange also recorded higher BTC and ETH inflows that could shape liquidity across the market.
Binance Exchange Dominance Grows With Higher Market Activity
Binance exchange dominance stayed firm as new numbers showed steady action across the platform.
The exchange handled about $25 billion in spot volume and about $62 billion in futures trading.
These figures placed Binance ahead of other major platforms during a period of wide price swings.
Bitcoin and Ethereum flows reached about $15 billion each day. This steady movement showed that traders continued to use the exchange for large transactions.
Stablecoin reserves climbed to a record $51.1 billion, which pointed to strong capital presence on the platform.
These reserves also suggested that users kept large funds ready for trading. The market faced a decline this month, but activity on the exchange remained high.
Bitcoin traded near $91,000 after moving down from levels above $95,000. The drop did not slow the flow of coins into the exchange.
Binance continued to hold its place as a major center for crypto trading. The high volumes showed steady interest from many users, from small traders to large holders.
Whale Deposits Add More Bitcoin to the Exchange
Fresh data from CryptoQuant showed that Bitcoin whale inflows reached a yearly high in the last 30 days.
These inflows totaled about $7.5 billion, making it one of the largest movements of large-holder deposits this year.
The last time such strong inflows appeared was in March 2025. That period came before a move from $102,000 to the low $70,000s.
The new inflows did not confirm a clear direction for the market. They only showed that large holders moved significant amounts of Bitcoin to the exchange.
It is worth noting that some might use this move to sell and hedge, while others generally prepare for a recovery.
These inflows could add more liquidity, which might make price reactions quicker during sharp moves.
The current price of $91,000 showed that the market remained active. The inflows suggested that whales are watching the market closely.
Their movement could also shape how the next phase of trading develops.
Market watchers noted that these deposits might signal a shift in how large players prepare for the coming weeks.
BTC and ETH Inflows Shift Into a Higher Range
Another set of figures showed a rise in the 7-day cumulative exchange inflow value for Bitcoin and Ethereum.
For most of 2025, the normal level stayed around $8 billion. Since August 2025, the number has remained above $11 billion.
This higher range stayed in place even when the market cooled for short periods. The higher inflow level suggested that more capital moved into the exchange at a steady rate.
It also suggested that more coins are currently sitting on the exchange. This change might shape how liquidity develops if the market shifts into a risk-off phase.
When more coins are on an exchange, there is more room for trading activity both ways. Meanwhile, internal movements might also affect the numbers.
Wallet-cluster updates and changes in asset prices can increase the dollar value of inflows even when the number of coins stays the same.
These factors helped explain why the values remained high. The steady rise in inflows formed a link between Bitcoin and Ethereum activity on the platform.
This pattern might guide traders as they watch how capital rotates across the market.
Source: https://www.thecoinrepublic.com/2025/11/29/binance-crypto-exchange-dominance-all-you-need-to-know/
