Binance’s 19th Proof of Reserves Report: BTC, ETH, USDT, XRP, and Shiba Inu Holdings Revealed
The latest proof of reserves (PoR) report from Binance, as detailed by prominent crypto news reporter Colin Wu, showcases significant shifts in user assets, with total reserves amounting to $124.69 billion.
In its 19th PoR, released on X, Binance disclosed changes in holdings of BTC, ETH, USDT, XRP, and Shiba Inu among its users. As of June 1, Binance users held 582,292 BTC tokens, marking an increase of 534 BTC from the previous month. Additionally, user ETH assets reached 4.664 million, showing a growth of 7.02%, while USDT holdings decreased by 3.38% to 22.08 billion.
Overall, Binance’s asset reserves total $124.69 billion, with a net outflow of $1.54 billion compared to the previous month. This report underscores Binance’s commitment to maintaining a 1:1 ratio of user assets, supported by additional reserves.
XRP balances were also highlighted in the report, 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. At the time of writing, XRP is trading at $0.5242 with a 0.03% 24-hour growth.
Notable inflows and outflows were observed on exchanges like Binance, with Whale Alert tracking $88 million in XRP movements between Coinbase and Binance. These movements play a crucial role in understanding exchange liquidity, risk management, and asset distribution.
The report also delves into Shiba Inu holdings on Binance, revealing customer net balances of 62.62 trillion SHIB and Binance’s net balances of 64.8 trillion tokens. The SHIB ratio of 103.49% suggests slightly higher customer holdings compared to Binance. SHIB is currently trading at $0.00002524, reflecting a 1.43% decrease over the last day.
Despite growing support and listings on major centralized exchanges, including Binance, Shiba Inu ecosystem token BONE is yet to be listed on platforms like Binance and Coinbase, despite community requests.
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