Binance’s 19th Proof of Reserves Report Reveals Significant Changes in Asset Holdings
Renowned crypto news reporter Colin Wu recently shed light on Binance’s latest proof of reserves report, unveiling notable shifts in user assets. As of June 1, Binance users were found to hold a total of $124.69 billion in reserves across various cryptocurrencies, including BTC, ETH, USDT, XRP, and Shiba Inu.
In terms of specific asset holdings, Binance users were reported to possess 582,292 BTC tokens, marking an increase of 534 BTC from the previous month. Additionally, user ETH assets saw a significant rise to 4.664 million, representing a 7.02% increase. However, USDT tokens held by customers experienced a decrease of 3.38%, totaling 22.08 billion.
The total asset reserves reflect a net outflow of $1.54 billion from the previous month, underscoring Binance’s commitment to maintaining a 1:1 ratio of user assets. The report also delves into XRP balances, with customer net balances amounting to 2.9 billion XRP and Binance net balances totaling 2.934 billion XRP.
Furthermore, the report provides insights into Shiba Inu (SHIB) cryptocurrency, revealing that customer net balances reached 62.62 trillion SHIB, while Binance’s net balances stood at 64.8 trillion SHIB. SHIB is currently trading at $0.00002524, with a 1.43% decrease over the last day.
Despite the growing support for SHIB in the crypto community, major exchanges like Binance and Coinbase have yet to list BONE, another token within the Shiba Inu ecosystem. It is essential for investors to conduct thorough research before making any investment decisions, as the views expressed in this article are solely the author’s and do not necessarily reflect The Crypto Basic’s opinion.