TLDR:
- Binance held $44.2B in ERC20 stablecoins by October 2025, covering 67% of all exchange reserves.
- PayPay acquired a 40% stake in Binance Japan, integrating digital assets into its mobile payment system.
- Gulf Binance gained full licensing in Thailand, expanding its regulated crypto services in Southeast Asia.
- Binance’s acquisition of GOPAX marks its official return to South Korea’s competitive crypto market.
The world’s largest crypto exchange is quietly building its comeback story. Binance, once hit by regulatory hurdles, is now expanding rapidly across Asia.
The firm’s fresh regional deals and its control over global stablecoin liquidity are restoring lost momentum. Its latest data show billions in ERC20 reserves. The move marks a new phase of strategic rebuilding that places Binance back in the driver’s seat of global crypto trade.
Binance Expands in Asia as Regulatory Pressure Eases
After years of scrutiny, Binance is repositioning itself across Asian markets. Since early 2025, the company has made decisive moves in Japan, Thailand, and South Korea to regain traction. Each deal appears aimed at building long-term footholds in regulated markets with strong digital payment demand.
In Japan, SoftBank’s PayPay acquired a 40% stake in Binance Japan, signaling growing institutional interest in crypto integration. The collaboration is enabling PayPay’s mobile users to access digital assets directly.
In Thailand, Gulf Binance secured a full operational license, clearing the way for its local service launch.
Meanwhile, South Korea’s regulators approved Binance’s purchase of GOPAX, allowing its official re-entry into the country’s exchange landscape. The approval restored its presence in one of the region’s most active crypto hubs.
The expansion follows a difficult period when Binance faced multiple lawsuits from U.S. agencies, including the SEC and CFTC. Countries such as the UK, Nigeria, and Canada imposed restrictions, shrinking Binance’s market share from 60% to 52%.
Stablecoin Dominance Drives Binance’s Global Liquidity
While geographic expansion shapes its comeback, stablecoin dominance remains Binance’s biggest strength. Data from CryptoQuant showed that by October 2025, Binance held $44.2 billion in ERC20 stablecoin reserves, accounting for 67% of all exchange holdings.
This liquidity concentration reinforces Binance’s role as the backbone of crypto markets. Stablecoin inflows on its platform support trading activity in major markets from India to Brazil. Traders view the exchange as a deep liquidity pool, crucial for stablecoin settlements and large trades.
According to research shared by @xwinfinance, Binance’s liquidity leadership now extends beyond trading volume. It supports decentralized activity on the BNB Chain, which has seen steady growth in user numbers and DeFi volumes. This growth positions Binance as a central player in decentralized finance infrastructure.
After enduring global regulatory storms, Binance is emerging with a more compliant and diversified model. Its focus on Asia and control of stablecoin reserves are fueling a new growth phase.
The company’s rebuilding effort now looks more grounded, anchored in liquidity, access, and regional partnerships.
