Binance, the world’s largest cryptocurrency exchange, has unveiled its 20th proof of reserves report aimed at restoring confidence in Bitcoin exchanges following FTX’s sudden bankruptcy.
This initiative underscores Binance’s commitment to transparency, releasing regular updates on its holdings. The latest report details the exchange’s extensive cryptocurrency reserves, including Bitcoin (BTC), Ethereum (ETH), XRP, BNB, Solana (SOL), and Dogecoin (DOGE).
As of the most recent update, user-held Bitcoin assets have risen to 605,637 BTC, marking a 4.01% increase since the previous report on June 1st. Ethereum holdings also saw growth, reaching 4.711 million ETH, up by 1.01%.
In contrast, USDT holdings decreased by 2.54%, totaling 21.51 billion. BNB assets declined slightly by 0.67%, now amounting to 3139.91 million.
Furthermore, Binance continues to hold significant quantities of other cryptocurrencies, including 2.84 billion XRP, 13.66 billion DOGE, 60 trillion SHIB, and 571 million ARB.
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*Disclaimer: This article does not constitute investment advice.