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.
In terms of specific assets, Binance users held 582,292 BTC tokens, showing an increase of 534 BTC from the previous month. ETH assets reached 4.664 million, marking a 7.02% rise, while USDT holdings decreased by 3.38% to 22.08 billion tokens.
The report also highlighted XRP balances, with customer net balances totaling 2.9 billion XRP and Binance net balances at 2.934 billion XRP, including direct exchange balances and third-party custody. The XRP ratio stood at 101.17%, indicating a surplus in one of the balance metrics.
Additionally, the report shed light on Shiba Inu holdings, with customer net balances amounting to 62.62 trillion SHIB and Binance net balances at 64.8 trillion SHIB. The SHIB ratio of 103.49% suggests that customer holdings slightly exceed those of Binance.
Furthermore, the report touched upon recent movements in the crypto market, including $88 million in XRP transfers between exchanges like Coinbase and Binance. These movements play a crucial role in understanding exchange liquidity, risk management, and asset distribution.
It’s worth noting that SHIB has gained significant support on various centralized exchanges, with analysts expressing optimism about its future. Despite community requests, major exchanges like Binance and Coinbase have yet to list BONE, another token in the Shiba Inu ecosystem.
Disclaimer: This content is for informational purposes only and should not be taken as financial advice. The opinions expressed are those of the author and not necessarily reflective of The Crypto Basic’s views. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic is not liable for any financial losses incurred.
