The cryptocurrency exchange Binance continues to strengthen its position in the market, leading in open interest for Bitcoin futures, the volume of USDT reserves among centralized platforms, and the activity of altcoin deposits.
This is reported by Finway
Growth of open interest on Binance and the Bitcoin market
On May 5, 2026, the open interest (OI) for Bitcoin on Binance reached $9.03 billion. This is the highest figure among cryptocurrency exchanges, exceeding the nearest competitor by 73%. Overall, the open interest in the Bitcoin market reached $29 billion — a peak since late January. The growth occurred against the backdrop of an increase in the Bitcoin price to around $80,000, which encouraged traders to open additional long positions.
Analysts note that Binance accounted for the largest increase in open interest in perpetual futures: out of a total increase of $6.98 billion, $2.55 billion was attributed to the exchange. In comparison, the next largest exchanges showed increases of $1.7 billion and $1.1 billion, respectively.
“This level of liquidity allows traders to place large orders without significantly impacting the market, further strengthening Binance’s position as the largest trading venue and increasing user confidence in market depth and trade execution efficiency,” the statement said.
Binance’s dominance in USDT reserves and altcoin activity
Binance controls 66% of the USDT stablecoin reserves among centralized exchanges. As of May 2026, USDT reserves on Binance amount to $39.3 billion, which is 12% higher compared to March. The total amount of USDT reserves on centralized exchanges has increased to $53.1 billion, highlighting the accumulation of liquidity.
Additionally, Binance recorded the highest number of altcoin deposits: on May 6, the volume of such transactions reached 16,400, surpassing other platforms, including Coinbase, which had 15,300 transactions. Overall, the volume of altcoin deposits in the market reached 57,000 transactions — a peak since the beginning of the year. This indicates a growing interest among traders in alternative cryptocurrencies and confirms Binance’s leadership due to its wide range of assets and high liquidity.
Analysts emphasize that the concentration of capital on this platform is driven by low spreads, minimal slippage, and efficient order execution, making Binance a key venue for conducting large transactions in the cryptocurrency market.
