Binance, the world’s leading cryptocurrency exchange, has unveiled its 20th proof of reserve report, a pivotal step in restoring trust following the unexpected collapse of FTX. This initiative underscores Binance’s commitment to transparency and accountability in the crypto sector.
The latest report details the holdings across various cryptocurrencies, showcasing a robust portfolio. Notably, Bitcoin (BTC) holdings stand at 605,637 BTC, marking a 4.01% increase from the previous update on June 1st. Ethereum (ETH) holdings have risen to 4.711 million ETH, reflecting a 1.01% uptick.
In addition to BTC and ETH, the report encompasses a diverse array of assets, including USDT, BNB, Solana (SOL), FDUSD, XRP, USDC, TUSD, Dogecoin (DOGE), Polygon (MATIC), Polkadot (DOT), Chainlink (LINK), SHIB, Arbitrum (ARB), Litecoin (LTC), Optimisim (OP), Chilliz (CHZ), UNI, Aptos (APT), GRT, SSV, CHR, ENJ, 1INCH, CRV, WRX, MASK, HFT, BUSD, and CVP.
USDT holdings have decreased marginally by 2.54%, amounting to 21.51 billion. Meanwhile, BNB holdings saw a slight dip of 0.67%, totaling 3139.91 million. The exchange also holds significant volumes of other altcoins, including 2.84 billion XRP, 13.66 billion DOGE, 60 trillion SHIB, and 571 million ARB.
This comprehensive disclosure not only strengthens Binance’s credibility but also provides investors with essential insights into the exchange’s robust asset management practices. For those interested in exploring over 300 cryptocurrencies, Binance offers a 20% commission discount through this link. Stay informed with the latest updates by following Binance on Telegram and Twitter for exclusive news, analytics, and on-chain data.
*Disclaimer: This article does not constitute investment advice.
