Binance Releases 44th Proof-of-Reserves Report, Bitcoin Holdings Rise

Binance has released its 44th Proof of Reserves, or PoR, report on customer asset holdings.

Wu Blockchain reported on July 13 that Binance published the PoR report based on a snapshot taken on July 1.

The report showed users held about 640,000 Bitcoin, up 1.22%, or 7,715 BTC, from June 1.

Ethereum holdings fell 1.41%, or 58,591 ETH, to about 4.08 million ETH.

Tether holdings also declined to about 33.7 billion USDT, down 1.51% from a month earlier, or roughly 510 million USDT.

Binance regularly publishes Proof-of-Reserves reports to verify that it holds sufficient reserves to cover customer deposits.