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Binance PoR Report Shows Growth in Bitcoin, Decline in Ethereum Balances
Binance, the world’s largest cryptocurrency exchange by trading volume, has published its 34th Proof-of-Reserves (PoR) Snapshot, offering fresh transparency into its digital asset holdings. The latest report, dated September 1, highlights notable changes across Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), BNB, and stablecoins including Tether (USDT), First Digital USD (FDUSD), and USDC.
Bitcoin Balances Climb Higher
According to the report, Binance holds 608,017 BTC on behalf of users, marking a 2.85% increase from August with an additional 16,858 BTC. The exchange disclosed its total net Bitcoin balance at 629,273 BTC, which includes 600,060 BTC in exchange wallets and 29,213 BTC held in third-party custody.
Ethereum Holdings See a Decline
While Bitcoin grew, Ethereum reserves slipped by 4.7%, with 4,340,935 ETH held for users, down 214,079 ETH from the previous month. Binance reported a net balance of 4,341,048 ETH, split between 4,003,076 ETH on the exchange and 337,971 ETH in third-party custody, according to Wu Blockchain data.
XRP, Solana, and BNB Reserves Detailed
The snapshot shows 2,708,196,286 XRP held for users, with a net balance of 2,788,066,030 XRP. This includes 2,679,656,480 XRP on the exchange and 108,409,550 XRP under custody.
For Solana, Binance reported 23,792,991 SOL held for customers, nearly matching the net balance of 23,793,005 SOL, divided into 22,613,923 SOL on the exchange and 1,179,082 SOL in custody.
In terms of BNB, the exchange disclosed 39,305,748 BNB held for users, while the net balance reached 44,227,046 BNB, with 43,819,393 BNB on the exchange and 407,652 BNB in custody.
Stablecoins Show Strong Growth
The most significant jump came from Tether (USDT). Binance reported 31,255,725,065 USDT held for users, a 4.69% increase, adding around 1.4 billion USDT since August 1.
