Binance & Bitfinex Lead Bitcoin Accumulation: Coinbase Trails Behind

Bitcoin has emerged as the uncontested front-runner among crypto assets, drawing the interest of investors, traders, and enthusiasts globally. New data from the market intelligence firm Glassnode suggests that Bitcoin is in the midst of a strong accumulation phase. But who is leading the charge?

According to data from Glassnode, Binance has emerged as the clear leader in Bitcoin accumulation. The exchange witnessed a substantial increase of 421,000 BTC over. Binance, one of the world’s largest cryptocurrency exchanges, is reaching new heights, with its reserve percentage hitting a record 25%. This places Binance as the clear leader.

Glassnode says that investor activity on both Binance’s Bitcoin reserves have notably grown by 28,000 BTC (5%) to 611,000 BTC, even amid regulatory scrutiny from US authorities in 2025. Among the major exchanges, only Bitfinex and Binance have expanded their reserves since FTX’s collapse, with the latter maintaining a reserve drawdown rate below 16%. Platforms Bitcoin has. BTC has DnmAccess. While Binance and Bitfinex are actively accumulating, Coinbase appears to be trailing behind in this critical accumulation phase.

The reasons behind this divergence in accumulation strategies are varied and complex, likely influenced by factors such as differing regulatory environments, user demographics, and overall business strategies. The increasing Bitcoin reserves on Binance highlight its dominant position and continued growth within the cryptocurrency landscape.