Summary
- Binance said it maintained a reserve ratio exceeding 100% for 34 consecutive months.
- It reported increases in holdings of Bitcoin (BTC) and Tether (USDT).
- It said Ethereum (ETH) and Binance Coin (BNB) holdings decreased, respectively.
Global virtual asset (cryptocurrency) exchange Binance has maintained a reserve ratio exceeding 100% for 34 consecutive months (ratio of Binance-held assets to user assets).
On the 8th (local time), Binance said this in a reserves report.
Bitcoin (BTC) holdings stood at 608,017, a 2.85% increase compared to August 1 (local time). Tether (USDT) holdings also increased. Tether rose 4.69% over the same period, reaching 31,255,720,000 USDT. By contrast, Ethereum (ETH) and Binance Coin (BNB) holdings decreased by 4.7% and 1.22%, respectively.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $76,000 as selloff shows no sign of easing](https://media.bloomingbit.io/PROD/news/0b328b54-f0e6-48fd-aeb0-687b3adede85.webp?w=250)
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