Binance Releases Bitcoin, Ethereum and USDT Reserves! Is there any problem?
Wu Blockchain analyzed Binance's reserves.
Binance, the world's largest cryptocurrency exchange by transaction volume, continues to come to the crypto agenda with the decisions it makes. The popular stock exchange shared its reserve report as of today. Users examine the reserves of the exchanges in detail after the collapse of the FTX exchange.
Wu Blockchain, a successful crypto newspaper based in China, analyzed Binance's reserves and shared the following information on the subject via its X/Twitter account:
âBinance released its 20th proof of reserve (July 1).
Users' Bitcoin (BTC) assets increased by 4.01% compared to June 1, reaching 605,637 BTC.
Users' Ethereum (ETH) assets increased by 1.01% to 4.711 million ETH.
Users' Tether (USDT) assets decreased by 2.54% to 21.51 billion USDT.â
When we check Binance's reserves, we see that there is no data that could pose a danger. The popular exchange continues to be the leading platform in the crypto industry according to reserves and transaction volume.
