Binance Reports 657,000 BTC in User Holdings as Bitcoin Reserves Rise
- Binance users added 16,349 BTC, lifting holdings 2.55% to approximately 657,000 BTC.
- Ethereum holdings fell 2.57% to 3.98 million ETH in Binance’s latest snapshot.
- USDT balances dropped 870 million tokens, reaching approximately 32.9 billion USDT.
Binance has released its 45th Proof of Reserves report, showing customer Bitcoin holdings reached approximately 657,000 BTC on August 1. The latest snapshot recorded another monthly increase in Bitcoin balances, while Ethereum and Tether holdings declined during the same period. The report also showed reserve ratios above customer liabilities for major assets, although Proof of Reserves remains different from a full audit.
Bitcoin Holdings Extend Three-Month Growth Trend
Binance reported customer Bitcoin holdings of approximately 657,000 BTC, reflecting a 2.55% monthly increase from the July 1 snapshot. The latest gain added 16,349 BTC to user balances, making it the largest monthly increase during recent reports.
The exchange’s previous snapshots showed customer balances rising by 25,838 BTC during May and another 7,715 BTC during June. Together, those reports indicate nearly 50,000 BTC entered customer balances between the May and August reporting periods.
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