Binance, the world’s leading cryptocurrency exchange, has released its latest reserve report to address concerns over the reliability of Bitcoin exchanges. Following the unexpected bankruptcy of FTX, Binance aims to rebuild trust within the crypto community by providing transparency regarding its reserves.
The 20th Report of Binance’s reserves includes various cryptocurrencies such as Bitcoin (BTC), USDT, Ethereum (ETH), BNB, Solana (SOL), FDUSD, XRP, USDC, TUSD, Dogecoin (DOGE), Polygon (MATIC), Polkadot (DOT), Chainlink (LINK), SHIB, Arbitrum (ARB), Litecoin (LTC), Optimisim (OP), Chilliz (CHZ), UNI, Aptos (APT), GRT, SSV, CHR, ENJ, 1INCH, CRV, WRX, MASK, HFT, BUSD, and CVP.
According to the report, the total amount of Bitcoin assets held by Binance users is 605,637 BTC, indicating a 4.01% increase compared to the previous report published on June 1. Additionally, Binance holds 4.711 million ETH, which has seen a 1.01% increase in assets.
However, USDT assets have experienced a decrease of 2.54%, dropping to 21.51 billion. Furthermore, BNB assets decreased by 0.67%, reaching 3139.91 million.
Binance also revealed its holdings of other cryptocurrencies, including 2.84 billion XRP, 13.66 billion DOGE, 60 trillion SHIB, and 571 million ARB.
It is important to note that this report serves as a disclosure of Binance’s cryptocurrency reserves and should not be considered as investment advice.