Binance’s Bitcoin User Balance at 605,636.567 BTC, ETH at 4,711,979.871

• Binance holds 605,636.567 BTC in user balance, up by 4.01%.
• The exchange’s net user balance of Ether currently stands at 4,711,979.871, up 1.01%.
• The customer net balance of USDT is 21,519,835,921.785, down by 2.54%.

Binance, the largest cryptocurrency exchange by trading volume, released its 20th Proof of Reserves, revealing the company’s asset reserves changes in July.

Wu Blockchain, a crypto reporting platform run by Chinese journalist Colin Wu on X, has shared insights on Binance’s post, noting customer net balances of top cryptocurrencies like BTC, ETH, and USDT.

By releasing the Proof of Reserves, Binance intends to acknowledge the assets that they hold in custody for users. The platform wrote, “We are showing evidence and proof that Binance has funds that cover all of our users assets 1:1, as well as some reserves.”

The post Binance’s Bitcoin User Balance at 605,636.567 BTC, ETH at 4,711,979.871 appeared first on Coin Edition.