Binance holds 57% of global exchange stablecoin deposits, worth $53B

Binance announced in a recent report that its share of global stablecoin deposits has reached 57%, totaling $53 billion. The exchange noted that the gap between it and the second-largest exchange has widened to $42 billion. Additionally, Binance stated that from January to May, its trading volume in perpetual futures contracts related to traditional finance (TradFi) exceeded $500 billion, capturing approximately 47% of the market's total $1.1 trillion cumulative volume.