Cryptocurrency exchange Binance has released its 35th Proof of Reserve Report based on a snapshot dated October 1st. According to the report, although user balances decreased compared to the previous month, the exchange maintained its asset ratio above 100%.
According to Binance data, user Bitcoin (BTC) holdings decreased by 2.67% compared to the previous report, to 591,000 BTC. This represents a decrease of approximately 16,200 BTC. Ethereum (ETH) balance also decreased by 4.78% to 4.13 million ETH. Users Tether (USDT) holdings decreased by 3.10% to 30.28 billion USDT.
The exchange’s reserve ratio remained above 100% across all major assets.
- BTC rate: 103.50%
- ETH rate: 100.00%
- USDT rate: 106.87%
- BNB ratio: 112.44%
- USDC rate: 148.31%
- FDUSD rate: 125.11%
High margin rates were also seen in other assets, with LTC showing 112.90% excess reserves, DOGE 106.71% excess reserves, POL 108.63% excess reserves, DOT 105.69% excess reserves, and LINK 100.61% excess reserves.
After it was revealed that the once popular crypto exchange FTX was using user assets to make high-risk investments, many major crypto exchanges began sharing evidence of their reserves.
*This is not investment advice.
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