Major crypto exchange Binance has released its 34th Proof-of-Reserves Snapshot, revealing the latest figures regarding its held assets, which include leading cryptocurrencies and stablecoins. The snapshot, dated September 1, indicates that the platform is holding notable amounts of Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Binance Coin (BNB), as well as stablecoins such as Tether (USDT), First Digital USD (FDUSD), and USD Coin (USDC).
According to the report, Binance holds 608,017 BTC for users, marking a growth of 2.85% or an increase of 16,858 BTC since the previous report in August. The exchange’s Bitcoin net balances total 629,273 BTC, which is segmented into an exchange balance of 600,060 BTC and third-party custody holding of 29,213 BTC.
For Ethereum, Binance disclosed that it currently holds 4,340,935 ETH for users, reflecting a decrease of 4.7%, equivalent to a drop of 214,079 ETH from the previous month. When taking into account the exchange balance and third-party custody, the Ethereum net balance amounts to 4,341,048 ETH, comprised of 4,003,076 ETH in exchange balance and 337,971 ETH in third-party custody.
Furthermore, the snapshot also provides findings related to other assets. Binance reports a reserve of 2,708,196,286 XRP held on behalf of users, with a total net balance of 2,788,066,030 XRP; this includes an exchange balance of 2,679,656,480 XRP and third-party custody of 108,409,550 XRP.
In terms of Solana, the platform holds 23,792,991 SOL for BNB customers, with a total net balance of 23,793,005 SOL. This is broken down into an exchange balance of 22,613,923 SOL and third-party custody of 1,179,082 SOL.
For Binance Coin (BNB), the reported holdings show 39,305,748 BNB on behalf of users, culminating in a net balance of 44,227,046 BNB. This figure includes an exchange balance of 43,819,393 BNB and third-party custody of 407,652 BNB.
Lastly, Binance has disclosed that it holds a staggering 31,255,725,065 USDT for users, which indicates a significant 4.69% increase, translating to an additional 1.4 billion USDT compared to the previous month.
These continued updates in Binance’s proof of reserves showcase the exchange’s commitment to transparency and security in handling user assets.
