Summary
- Binance reported maintaining an over 100% reserve ratio for 30 consecutive months.
- The holdings of BTC and ETH have slightly decreased compared to the previous month, but USDT has slightly increased.
- This is expected to positively impact Binance's financial stability and user asset management.
According to the cryptocurrency-focused media WuBlockchain on the 7th (local time), the global cryptocurrency exchange Binance has maintained an over 100% reserve ratio (the ratio of Binance's holdings to user assets) for 30 consecutive months.
Meanwhile, the holdings of Bitcoin (BTC) and Ethereum (ETH) have slightly decreased compared to the previous month, while USDT has slightly increased.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
!["No U.S. government backstop" shock…Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Su-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/a68e1192-3206-4568-a111-6bed63eb83ab.webp?w=250)
