Leader cryptocurrency stock exchange Binance, continues to demonstrate its commitment to transparency and user-centered financial services by issuing its reserve certificate.
Binance Releases Reserve Document with $311 Million Net Inflow
The report highlights key financial metrics that demonstrate the platform’s resilience and growth in the ever-evolving crypto landscape.
On the other hand, all of the assets held by Binance are kept in cold wallets, corresponding to over 100 percent.
Other key highlights from the reserve certificate:
- Net Inflow 311 Million Dollars:
The reserve certificate reveals a significant Month-to-Month net inflow of $311 million. This indicates a positive trend in user activity and capital flow within the Binance ecosystem.
- Users’ BTC Assets:
Users’ Bitcoin (BTC) assets amounted to 561,000 BTC. However, there was a 4.05% decrease compared to the previous month, which corresponded to a decrease of 23,656 BTC.
- Users’ ETH Assets:
Users’ Ethereum (ETH) holdings decreased by a reasonable 0.67% to 3.88 million ETH.
- Users’ USDT Assets:
Tether (USDT) assets showed significant growth, reaching 16.1 billion USDT. This represents a strong increase of 5.67%, equivalent to 866 million USDT.
The increase in USDT holdings indicates a preference for stablecoins, which are often used as a hedge against market volatility.
*This is not investment advice.
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