Binance POR: Ethereum holdings declined while Bitcoin and USDT steadied
In Binance’s 10th proof-of-Reserves (POR), Ethereum (ETH) holdings decreased, while Bitcoin (BTC) and Tether (USDT) remained stable or slightly increased. Binance published its 10th POR amid liquidity concerns, offering the public a look into the state of customer assets and holdings . The disclosure reveals mixed trends: Bitcoin and Tether deposits have stayed steady or slightly grown, but Ethereum holdings have dropped by 4.3%. Key figures from Binance’s reserves showed that Bitcoin deposits stood at around 588,000 BTC while there was approximately 3.89 million ETH, down 4.3%. Meanwhile, the exchange held $15.44 billion of USDT, up 1%. The latest POR revealed that Binance held 4.71 million ETH and 276,215 BTC in cold storage. These figures complement the user deposits, which stood at 1.18 million ETH and 311,821 BTC on the BNB Chain. Meanwhile, Binance held $13.6 billion of USDT, juxtaposed with users’ $1.86 billion on BNB Chain. While Bitcoin deposits remained r...