2024

Bitcoin

Coin

<ul>
 <li>Binance holds 605,636.567 BTC in user balance, up by 4.01%.</li>
 <li>The exchange’s net user balance of Ether currently stands at 4,711,979.871, up 1.01%.</li>
 <li>The customer net balance of USDT is 21,519,835,921.785, down by 2.54%.</li>
</ul>
<a href="https://coinedition.com/binance-exchange-review/" rel="noopener noreferrer nofollow">Binance, the largest cryptocurrency exchange</a> by trading volume, released its 20th Proof of Reserves, revealing the <a href="https://www.binance.com/en/proof-of-reserves" target="_blank" rel="noopener noreferrer nofollow">company’s asset reserves changes in July</a>.
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.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet">
 Binance released the 20th proof of reserves (July 1). User BTC assets are 605,637, up 4.01% from June 1. User ETH assets are 4.711 million, up 1.01%. User USDT assets are 21.51 billion, down 2.54%.<a href="https://t.co/jGCPnwd2PR" target="_blank" rel="noopener noreferrer nofollow">https://t.co/jGCPnwd2PR</a> <a href="https://t.co/JUCIRcCBLe" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/JUCIRcCBLe</a>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1809595036079980764?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 6, 2024</a>
 </blockquote>
 </div>
</figure>
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 <a href="https://coinedition.com/binances-bitcoin-user-balance-at-605636-567-btc-eth-at-4711979-871/" rel="noopener noreferrer nofollow">Binance’s Bitcoin User Balance at 605,636.567 BTC, ETH at 4,711,979.871</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

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

Coin Edition

Other articles published on Jul 7, 2024

Join our free newsletter for daily crypto updates!