Binance has published its 31st Proof-of-Reserves (PoR) report, highlighting minor changes in user holdings as of June 1. According to the report, Bitcoin (BTC) holdings have decreased by 1.82%, bringing the total to 593,000 BTC, while Ethereum (ETH) has seen a 1.05% increase to 5.337 million ETH. On the other hand, Tether (USDT) balances dropped by 0.77%, totaling 28.83 billion. These figures suggest a shift in investor interest as the market experiences fluctuations.
Furthermore, Binance boasts approximately $110 billion in reserves, solidifying its position as a leading cryptocurrency exchange amid ongoing regulatory scrutiny. Coinbase remains the top holder with $129 billion in custody. The report arrives during a time of heightened demand for transparency from exchanges, and it appears that Binance's efforts to maintain open communication are resonating with users.
In the wake of the report, Binance's native token, BNB, has seen a minor decline, trading at $649.89, despite a slight gain in the past 24 hours. This indicates that traders are absorbing the news with caution, even in light of Binance's ample reserve backing. According to a crypto market analyst, 'Investors are navigating a tricky landscape, but the increased ETH holdings suggest a shift toward alternative assets.'
Overall, the latest PoR data underscores Binance’s commitment to transparency and user trust as the cryptocurrency market prepares for the second half of 2025. With regulatory oversight likely to grow, these developments will not go unnoticed by traders and regulators alike.
Furthermore, Binance boasts approximately $110 billion in reserves, solidifying its position as a leading cryptocurrency exchange amid ongoing regulatory scrutiny. Coinbase remains the top holder with $129 billion in custody. The report arrives during a time of heightened demand for transparency from exchanges, and it appears that Binance's efforts to maintain open communication are resonating with users.
In the wake of the report, Binance's native token, BNB, has seen a minor decline, trading at $649.89, despite a slight gain in the past 24 hours. This indicates that traders are absorbing the news with caution, even in light of Binance's ample reserve backing. According to a crypto market analyst, 'Investors are navigating a tricky landscape, but the increased ETH holdings suggest a shift toward alternative assets.'
Overall, the latest PoR data underscores Binance’s commitment to transparency and user trust as the cryptocurrency market prepares for the second half of 2025. With regulatory oversight likely to grow, these developments will not go unnoticed by traders and regulators alike.
