Binance, the largest cryptocurrency exchange in the world, has recently released its 19th proof of reserve report to provide transparency regarding the assets held by the platform. The snapshot, taken on June 1, shows significant changes in user holdings across various cryptocurrencies.
User BTC holdings have increased by 534 BTC compared to the previous month, totaling 582 thousand. The ratio of customer net balances to Binance net balances is 106.70%, with Binance holding a total of 621,329,612 BTC. The exchange balance is 602,614,161 BTC, with an additional 18,715,451 BTC held in third-party custody.
User ETH holdings have seen a substantial increase to 4.664 million, up by 7.02%. The ratio of customer net balances to Binance net balances is 103.75%, with Binance holding a total of 4,839,669,546 ETH. The exchange balance stands at 4,644,831.7 ETH, with 194,837.846 ETH in third-party custody.
Despite a 3.38% decrease in user USDT holdings to 22.08 billion, Binance’s asset reserves remain strong at $124.69 billion, with a net outflow of $1.54 billion compared to the previous month.
The report also includes data on other cryptocurrencies, with SOL assets holding 103.67%, XRP holdings at 101.17%, DOGE holdings at 100.52%, and SHIB holdings at 103.49%. Binance holds a total of 14.1 billion DOGE, 62 trillion SHIB, and 2.9 billion SHIB.
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