Binance has released its 24th Proof of Reserves, based on a snapshot taken on November 1st, covering a total of 34 different tokens with assets valued at over $120 billion.
The latest report shows that user-held Bitcoin (BTC) reserves have reached 608,000 BTC, marking a 2.09% increase compared to the previous report from October 1st, representing an additional 12,473 BTC. Ethereum (ETH) reserves have also risen significantly, with user-held ETH now standing at 4.699 million, up 6.20%, an increase of 274,000 ETH.
On the other hand, the amount of Tether (USDT) held by users has declined. The reserves of USDT dropped by 2.61% to 20.85 billion, a reduction of approximately 559 million USDT. Similarly, user-held Binance Coin (BNB) reserves decreased to 37.939 million BNB, an 8.78% decline, reflecting a decrease of 3.649 million BNB compared to the previous month.
Binance's monthly Proof of Reserves continues to provide transparency and reassurance to its users, tracking the fluctuation of holdings across major assets.
