Binance, the world’s largest cryptocurrency exchange, presented the eleventh reserve evidence report it shares every month to the public.
Binance shared the eleventh reserve report data it regularly provides for transparency. Cryptocurrencies in the stock market October 1st In this report, which provides current details on the date of users’ Bitcoin (BTC) assets compared to a month ago 558 thousand, increasing by 0.12% rose to the level.
According to this data, the amount of Bitcoin held by users in Binance 1 month in 708 BTC increased happened. Belongs to users on the exchange Ethereum (ETH) amount compared to the previous month down 1.6% to 3.83 million ETH fell to the level. Belongs to users on the exchange BNB (BNB) their assets too drop in September, taking its place among those showing 30.2 million from level to 29.33 million to BNB fell.
Stablecoins are bleeding
Users Tether (USDT) assets compared to September 15.31 billion, decreasing by 0.8% was pulled into the band. September belongs to users USDT amount 15.44 It was billion. USDT was not the only stablecoin to experience a decline. Binance USD (BUSD) in september 1.5 billion dollars losing its level to $1.07 billion withdrew. on the other hand USD Coin (USDC) by becoming one of the stablecoins whose amount is decreasing. From 1 billion to 903 million declined.
Ripple increased while Dogecoin and Shiba Inu decreased
Users hold on Binance Dogecoin (DOGE) And Shiba Inu (SHIB) Their assets continued their downward streak similar to the previous month. Amount of Dogecoin held on the exchange 11.81 billion DOGE to 11.53 billion DOGEthe amount of Shiba Inu is 75.4 trillion SHIB to 74.62 trillion SHIB declined.
Users’ XRP balances on Binance also increased compared to last month. It increased from 2.5 billion XRP to 2.6 billion XRP.
of the stock market Proof of Reserve (PoR) Supports all cryptocurrencies over 100% It appeared to have the answer. Especially Ethereum’s reserve support last month 105% increased compared to the level in October for a response of 107% reached. Accordingly, Bitcoin’s reserve support in September 105% decreased from the level in October 104%fell to .
What about Binance reserves?
Despite the general decrease in user assets, there was no significant decrease in Binance’s reserves. Bitcoin assets of the exchange From 618 thousand BTC, to 616 thousand BTC While Ethereum assets are falling It increased. Amount of Ethereum in Binance reserves 4.09 from million ETH, to 4.10 million ETH rose.
The decline in Binance reserves was also observed specifically for Dogecoin and Shiba Inu. Binance’s response to user assets as of October 1 11.5 billion DOGE And 76 trillion SHIB was seen to have it. Last month, Binance exchanged funds for user assets. 11.8 billion DOGE, 77.7 trillion SHIB He reported that he had it.
There was an increase in Binance’s XRP assets. last month 2.68 billion XRP level in October to 2.73 billion reached.
Binance’s reserves BNB, USDT, BUSD And USDC was among those experiencing a decline. This month, the exchange’s response to user assets 33.3 million BNB, 18.1 billion USDT, 1.1 billion BUSD And 940 million USDC It was seen that he was holding it. These figures are from last month. 34 million BNB, 18.2 billion USDT, 1.6 billion BUSD And 1 billion USDC It was like.
Binance offers proof of reserve support for 30 different cryptocurrencies so far, except Bitcoin, Ethereum, DOGE, SHIB and XRP. Tether (USDT), Binance USD (BUSD), BNB (BNB), Litecoin (LTC), Solana (SOL), Chainlink (LINK), Chiliz (CHZ), Polkadot (DOT), Aptos (APT), Arbitrum (ARB) Mask Network (MASK), Enjin Coin (ENJ), WazirX (WRX), The Graph (GRT), PowerPool Concentrated Voting Power (CVP), Chromia (CHR), Curve DAO (CRV), 1inch (1INCH), Hashflow (HFT) ), SSV Network (SSV), Polygon (MATIC), Optimisim (OP), True USD (TUSD) and Uniswap (UNI) also supports.