world’s largest cryptocurrency Binance exchange has published its 17th Proof of Reserves report. The report shows a significant increase in user assets across various cryptocurrencies.
Users on the exchange Bitcoin Its assets have increased by 1.08% since March 1, reaching a total of 568,000 BTC. This represents an increase of 6,099 BTC. The ratio of customer net BTC balances to Binance net balances was 104.46%.
Users ETH Its assets increased significantly by 11.64%, reaching a total of 4.44 million ETH.
Users USDT Its assets increased by 8.36%, reaching a total of 21.1 billion USDT. The ratio of Binance net balances to customer net balances was 113.90%.
Binance’s current total reserve assets reached a staggering 117.1 billion, with a net inflow of 3.9 billion compared to a month ago.
However, the stock market BNB It was also noted that there was a significant increase of 19.25% in assets compared to last month.
In addition, the exchange holds 41.8 million BNB and 31.95 million in dollar equivalents, listed from largest to smallest. LEFT, 2.14 billion FDUSD, 3.21 billion XRP, 1.8 billion USDC, 102 million TUSD, 14 billion DOGE is available.
According to the report, the total amount held by the exchange in all other altcoins was recorded as more than the assets held by customers in the exchange. Proof of Reserves reports began to be carried out after it was revealed that the currently bankrupt cryptocurrency exchange FTX was using customer assets in risky investments.
*This is not investment advice.
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