world’s largest cryptocurrency Exchange Binance has released its 19th proof of reserves in an effort 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 534 compared to May 1 BTC increased to 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 Its assets 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 and 194,837.846 ETH is in third-party custody.
User USDT Its assets 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. LEFT while their assets account for 103.67%, client net balances are 32,430,253,765 and Binance net balances are 33,620,213,365. XRP assets 101.17%, DOGE assets 100.52% and SHIB Its assets 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.
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