Binance Releases 44th Proof-of-Reserves Report as Bitcoin Holdings Increase
Suehyeon Lee
Summary
- Binance said it released its 44th Proof of Reserves (PoR) report.
- The report showed customer Bitcoin (BTC) holdings rose 1.22% to about 640,000 BTC.
- Customer Ethereum (ETH) and Tether (USDT) holdings fell 1.41% and 1.51%, respectively.
Forecast Trend Report by Period
Binance has released its 44th Proof of Reserves, or PoR, report on customer asset holdings.
Wu Blockchain reported on July 13 that Binance published the PoR report based on a snapshot taken on July 1.
The report showed customer Bitcoin holdings of about 640,000 BTC, up 1.22%, or 7,715 BTC, from June 1.
Customer Ethereum holdings fell 1.41% to about 4.08 million ETH.
Tether holdings also declined 1.51% from a month earlier to about 33.7 billion USDT, a decrease of roughly 510 million USDT.
Binance regularly publishes Proof of Reserves reports to verify that it holds sufficient reserves for customer deposits.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.