Binance, the world’s largest cryptocurrency exchange, has published its 19th proof of reserve in order to bring transparency to the assets held by the platform.
The snapshot was taken on June 1 and reveals significant changes in user holdings in various cryptocurrencies.
User BTC holdings increased by 534 BTC compared to May 1, reaching 582 thousand. The ratio of customer net balances to Binance net balances was 106.70%, and Binance holds a total of 621,329,612 BTC. The exchange balance is 602,614,161 BTC, and an additional 18,715,451 BTC is held in third-party custody.
User ETH holdings reached 4.664 million, a significant increase of 7.02%. The ratio of customer net balances to Binance net balances was 103.75% and Binance holds a total of 4,839,669,546 ETH. The exchange balance stands at 4,644,831.7 ETH, with 194,837.846 ETH in third-party custody.
User USDT holdings decreased by 3.38% to 22.08 billion.
Despite this decline, Binance’s asset reserves remain strong at $124.69 billion, despite a net outflow of $1.54 billion compared to the previous month.
The report also includes data on other cryptocurrencies. SOL assets hold 103.67%, while client net balances are 32,430,253,765 and Binance net balances are 33,620,213,365. XRP holdings have a ratio of 101.17%, DOGE holdings have a ratio of 100.52% and SHIB holdings have a ratio of 103.49%.
The stock market holds a total of 14.1 billion DOGE, 62 trillion SHIB and 2.9 billion SHIB.
*This is not investment advice.