In Binance’s 19th Proof of Reserves (PoR) report, there have been significant changes in the holdings of BTC, ETH, USDT, XRP, and Shiba Inu, amounting to a total asset reserve of $124.69 billion.
Renowned crypto news reporter Colin Wu recently highlighted that Binance has unveiled its 19th PoR, showcasing notable shifts in user assets. As of June 1, Binance users held 582,292 BTC tokens, an increase of 534 BTC from the previous month. Additionally, user ETH assets saw a rise to 4.664 million, marking a 7.02% increase, while USDT tokens held by customers decreased by 3.38% to 22.08 billion.
Overall, Binance’s asset reserves amount to $124.69 billion, with a net outflow of $1.54 billion from the previous month. This report is crucial as it confirms Binance’s dedication to holding user assets 1:1, supported by additional reserves.
The report also delves into the financial statistics of XRP, with customer net balances totaling 2.9 billion XRP, and Binance net balances at 2.934 billion XRP. Notably, XRP is currently trading at $0.5242 with a 0.03% 24-hour growth.
In terms of exchanges, movements have been observed, with $88 million in XRP flowing in and out of Coinbase and Binance. These movements play a key role in understanding the exchange’s liquidity, risk management, and asset distribution.
Furthermore, insights into Shiba Inu (SHIB) cryptocurrency holdings have been provided in the report. Customer net balances totaled 62.62 trillion SHIB, while Binance’s net balances reached 64.8 trillion tokens. The SHIB ratio of 103.49% indicates that customer holdings slightly exceed those of Binance. SHIB is currently trading at $0.00002524, showing a 1.43% drop over the last day.
Despite community appeals, major exchanges like Binance and Coinbase have yet to list BONE, another Shiba Inu ecosystem token. It is important to note that this content is for informational purposes only and should not be taken as financial advice. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic holds no responsibility for any financial losses incurred.