Binance User BTC Holdings Rise as ETH and USDT Fall in Latest Proof of Reserves Report

Binance has released its latest Proof of Reserves report, which shows a significant increase in user Bitcoin holdings. The snapshot was taken on August 1 and reveals that users now hold approximately 657,000 BTC, representing a 2.55% rise from July 1. This translates to an additional 16,349 BTC being held by users.

On the other hand, user Ethereum (ETH) holdings declined by 2.57%, with users now holding around 3.98 million ETH, down from approximately 4.085 million ETH on July 1. User USDT holdings also fell by 2.57% to about 32.9 billion USDT, marking a decrease of roughly 870 million USDT.