In its 19th Proof of Reserves (PoR) report, Binance has disclosed the latest changes in holdings of BTC, ETH, USDT, XRP, and Shiba Inu, amounting to a total of $124.69 billion in asset reserves.
Renowned crypto journalist Colin Wu recently pointed out that Binance has unveiled its 19th PoR report, showcasing significant shifts in user assets. As of June 1, Binance users held 582,292 BTC, marking an increase of 534 BTC from the previous month. ETH holdings saw a rise to 4.664 million, reflecting a 7.02% increase, while USDT holdings decreased by 3.38% to 22.08 billion tokens.
Overall, Binance’s asset reserves stand at $124.69 billion, indicating a net outflow of $1.54 billion compared to the previous month. This report underscores Binance’s dedication to maintaining a 1:1 ratio of user assets, supported by additional reserves.
The report also delves into the financial statistics of XRP. Customer net balances totaled 2.9 billion XRP, with Binance net balances at 2.934 billion XRP, including direct exchange balances and third-party custody. The XRP ratio stands at 101.17%, showing a surplus in one of the balance metrics. XRP is currently trading at $0.5242 with a 0.03% 24-hour growth.
In terms of exchanges, movements of XRP have been noted, with $88 million in XRP flowing in and out of Coinbase and Binance as observed by the blockchain tracker Whale Alert. These movements play a crucial role in understanding the exchange’s liquidity, risk management, and asset distribution.
The report also sheds light on SHIB (Shiba Inu) cryptocurrency holdings. Customer net balances for SHIB reached 62.62 trillion tokens, while Binance’s net balances stood at 64.8 trillion tokens, including direct exchange balances and third-party custody. The SHIB ratio of 103.49% suggests that customer holdings slightly exceed those of Binance. SHIB is currently trading at $0.00002524, experiencing a 1.43% decrease in the last day.
SHIB has garnered substantial support and listings on various major centralized exchanges. Despite community requests, exchanges like Binance and Coinbase have yet to list BONE, another token within the Shiba Inu ecosystem.
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