đšBinanceâs Bitcoin User Balance at 605,636.567 BTC, ETH at 4,711,979.871$BNB
đșBinance holds 605,636.567 BTC in user balance, up by 4.01%.
đșThe exchangeâs net user balance of Ether currently stands at 4,711,979.871, up 1.01%.
đșThe customer net balance of USDT is 21,519,835,921.785, down by 2.54%.
â Binance, the largest cryptocurrency exchange by trading volume, released its 20th Proof of Reserves, revealing the companyâs asset reserves changes in July.
â Wu Blockchain, a crypto reporting platform run by Chinese journalist Colin Wu on X, has shared insights on Binanceâs post, noting customer net balances of top cryptocurrencies like BTC, ETH, and USDT.
đšBy releasing the Proof of Reserves, Binance intends to acknowledge the assets that they hold in custody for users. The platform wrote, âWe are showing evidence and proof that Binance has funds that cover all of our users assets 1:1, as well as some reserves.â
đšAccording to the data, the customer net balance of Bitcoin (BTC) currently stands at 605,636.567, up by 4.01%. Meanwhile, the Binance net balance of the crypto is valued at 645,385.231, with a 624,802.804 exchange balance and 20,582.427 in third-party custody. As of press time, Bitcoin is trading at $57,728, marking an increase of 2.15% in one day.
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