Binance, the leading cryptocurrency exchange globally, has recently released its 19th reserve proof report to provide transparency regarding the assets held on the platform. The report, based on a snapshot taken on June 1, highlights significant changes in user holdings across various cryptocurrencies.
User BTC holdings saw an increase of 534 BTC from the previous month, totaling 582 thousand. The ratio of customer net balances to Binance net balances stood at 106.70%, with Binance holding a total of 621,329,612 BTC. The exchange balance was reported at 602,614,161 BTC, with an additional 18,715,451 BTC held in third-party custody.
User ETH holdings experienced a notable surge, reaching 4.664 million, marking a 7.02% increase. The ratio of customer net balances to Binance net balances was 103.75%, with Binance holding a total of 4,839,669,546 ETH. The exchange balance stood at 4,644,831.7 ETH, with 194,837.846 ETH held in third-party custody.
Despite a 3.38% decrease in user USDT holdings to 22.08 billion, Binance’s asset reserves remained robust at $124.69 billion, even after a net outflow of $1.54 billion compared to the previous month.
The report also provided insights into other cryptocurrencies held by Binance, with SOL assets having a ratio of 103.67%, XRP holdings at 101.17%, DOGE holdings at 100.52%, and SHIB holdings at 103.49%. The exchange holds a total of 14.1 billion DOGE, 62 trillion SHIB, and 2.9 billion SHIB.
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