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Home » Latest Proof of Reserves Reveals Binances Holdings in Shiba Inu and XRP
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Latest Proof of Reserves Reveals Binances Holdings in Shiba Inu and XRP

By adminJun. 7, 2024No Comments2 Mins Read
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Binance’s 19th Proof of Reserves (PoR) Report: Insights into BTC, ETH, USDT, XRP, and Shiba Inu Holdings

In the latest PoR report from Binance, significant shifts in user assets have been unveiled, with total asset reserves amounting to $124.69 billion. Renowned crypto news reporter Colin Wu recently highlighted the release of Binance’s 19th PoR, shedding light on the changes in user holdings.

As of June 1, Binance users were in possession of 582,292 BTC tokens, marking an increase of 534 BTC compared to the previous month. Additionally, ETH assets held by customers reached 4.664 million, indicating a rise of 7.02%. However, USDT tokens saw a decrease of 3.38% to 22.08 billion.

The overall asset reserves of Binance now stand at $124.69 billion, reflecting a net outflow of $1.54 billion from the previous period. This report reaffirms Binance’s commitment to maintaining a 1:1 ratio of user assets, supported by supplementary 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. The XRP ratio of 101.17% indicates a surplus in one of the balance metrics, while XRP is currently trading at $0.5242 with a 0.03% growth in the last 24 hours.

Furthermore, whale movements have been observed in exchanges like Binance, with Whale Alert tracking $88 million in XRP moving in and out of Coinbase and Binance recently. These movements play a crucial role in understanding exchange liquidity, risk management, and asset distribution.

Regarding Shiba Inu (SHIB) holdings, customer net balances amount to 62.62 trillion SHIB, while Binance’s net balances stand at 64.8 trillion tokens. The SHIB ratio of 103.49% indicates a slight excess in customer holdings compared to Binance. SHIB is currently trading at $0.00002524, experiencing a 1.43% decrease over the past day.

Despite gaining significant support and listings on various centralized exchanges, SHIB remains the only ecosystem token traded on Binance. Although community requests persist, major exchanges like Binance and Coinbase have yet to list BONE, another token within the Shiba Inu ecosystem.

Disclaimer: This article serves as informational content and should not be construed as financial advice. The opinions expressed herein are solely those of the author and do not necessarily reflect The Crypto Basic’s stance. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic bears no responsibility for any financial losses incurred.

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