Binance released its 44th Proof-of Reserves Report, which shows that Bitcoin balances of customers increased in June. Ethereum and Tether values decreased.
You can read more about it here:
- According to the most recent snapshot, Binance users have increased Bitcoin holdings 1.22% by adding 7,715 BTC in June.
- Binance continues to publish monthly reserves data in order to verify customer balances.
- Reserve snapshots can show the account balances but cannot tell you if users have bought, sold or withdrawn.
It is important to note that the word “you” means “you”. report The snapshot was taken on 1 July and the balances of customers recorded in June were compared.
Bitcoin holdings of customers rose by 7.715 BTC to 640,000 BTC. Ethereum holdings dropped 1.41%, to about 4.08 million, or a loss of 58.591 ETH. Customers’ Tether holdings fell 1.51% from 33.7 billion USDT to around 408 million ETH, a decline of 58,591 ETH.
Bitcoins in Binance client accounts continue to grow
Binance users’ Bitcoin balances have increased since the previous month. Binance users added The exchange reported that its customers held 25,838 BTC at the end of May. Their total reserves increased by 4.26 percent to 630,000 BTC.
The increase in BTC was lower than last month but still a positive trend. This report doesn’t show if the changes were due to deposits, purchases, transfers among Binance services or other asset movements. This report shows balances as of a certain point rather than customer activities.
Ethereum and USDT accounts decline
Ethereum reversed its direction following a large increase recorded in the prior report. In May, customer ETH held increased by 10.17% to approximately 4.14 million ETH. According to the July snapshot, there was a decline of 58591 ETH in June.
USDT balances declined in the second report of each month. Users of Binance held approximately 34.3 billion USDT at the snapshot taken on June 1. This was after May’s balances had fallen by about 460,000,000 tokens. With the latest decline, this total is now around 33.7 Billion USDT. The lower stablecoin values do not necessarily mean that USDT was converted into Bitcoin, or funds were withdrawn.
Recently, a similar pattern appeared on other major exchanges. According to Crypto.news Bybit and OKX recorded The latest snapshot of reserves shows that Bitcoin customer holdings are increasing, while USDT balances are falling. The reports didn’t identify any reasons for the changes in balances.
Binance assures customers that their assets are backed.
Binance has a number of states that it can be found in proof-of-reserves page The exchange holds its customer assets in a ratio of 1:1, plus additional reserves. Merkle Trees, zero-knowledge and other proofs allow customers to check if the account balances they hold are part of each report.
Proof-of-reserves reports can reveal whether wallets are holding assets that were linked to customers’ balances during a snapshot. It does not offer a full financial audit, nor can it explain all off-chain liabilities. According to a recent proof-of-reserves explainer It should be noted that disclosures of useful information must remain frequent, recent and in line with customer liability.
They should be interpreted as an asset-backed record and a customer’s balance at a certain date. These figures don’t show the full financial picture of an exchange, nor do they reveal the reason why users moved their assets to other accounts, platforms or wallets.
Binance changes braoder The Report
After a month’s worth of derivative trading, the latest Reserve Report was released. Binance recorded about $1.63 trillion According to CryptoQuant, the volume of futures traded in June was its highest since 2026.
Binance made service modifications for certain European users after the European Union’s MiCA Transition ended on July 1. The exchange has already been reported. said The affected users can continue to use the options that have been communicated, such as withdrawals if available. The snapshot date used in the most recent reserve report matched this.
Binance ranked first in reserve rankings earlier than most major exchanges. CoinMarketCap is the data reported by crypto.news ranked The platform will be first to launch in 2026, with assets of about $155.6 Billion in terms of proof-of reserve. In the July report, a monthly balance view is added. BTC rose while ETH and USDT fell.
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Source: crypto.news
