Binance’s 19th Proof of Reserves Report Shows Changes in Asset Holdings
Renowned crypto journalist Colin Wu recently reported that Binance has unveiled its 19th proof of reserves report, revealing significant shifts in user assets. As of June 1, Binance users held a total of $124.69 billion in assets, including BTC, ETH, USDT, XRP, and Shiba Inu.
BTC holdings saw an increase to 582,292 tokens, up by 534 BTC from the previous month. User ETH assets also rose to 4.664 million, a 7.02% increase, while USDT holdings decreased to 22.08 billion, a 3.38% decline.
The report also delves into XRP balances, with customer net balances totaling 2.9 billion XRP and Binance net balances at 2.934 billion XRP. Additionally, Shiba Inu holdings were detailed, with customer net balances at 62.62 trillion SHIB and Binance net balances at 64.8 trillion SHIB.
Notable movements of $88 million in XRP were observed between Coinbase and Binance, highlighting the importance of monitoring liquidity and asset distribution on exchanges. Despite community requests, major exchanges like Binance and Coinbase have yet to list BONE, another token in the Shiba Inu ecosystem.
It is essential to note that the information provided is for informational purposes only and should not be considered financial advice. Readers are advised to conduct their own research before making any investment decisions. The views expressed in this article are solely the author’s and do not necessarily reflect those of The Crypto Basic.