Binance Releases 23rd Proof of Reserves: October Snapshot

--・Verified Binance official account

AI Summary

Binance has upgraded its Proof of Reserves (PoR) system by adding asset collateral information, ensuring that assets held as collateral for loans always exceed liabilities, providing users with enhanced transparency and security.

Binance has published its 23rd Proof of Reserves (PoR) report, providing transparency on user asset holdings as of October 1, 2024. The snapshot reveals a slight decrease in the platform’s user-held assets compared to the previous month.
User Bitcoin (BTC) holdings stand at 596,000 BTC, reflecting a 1.58% decline from September 1.
User Ethereum (ETH) holdings total 4.425 million ETH, down by 1.37%.
User USDT holdings (Tether) dropped to $21.41 billion, marking a 3.16% decrease.
 

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