Binance BTC User Holdings Jump in Latest Proof of Reserves

Binance has released its 45th Proof of Reserves report, showing that user Bitcoin holdings grew by 2.55 percent since the previous month. As of the August 1 snapshot, users held approximately 657,000 BTC on the platform. This represents an increase of 16,349 BTC compared to the July 1 data.

While Bitcoin balances trended upward, other major assets saw a decline. User holdings of Ethereum dropped by 2.57 percent, totaling roughly 3.98 million ETH. Similarly, USDT holdings held by users on the exchange also fell by 2.57 percent to approximately 32.9 billion tokens.

These regular reports serve as a window into the asset levels held by the exchange on behalf of its customers. Investors often monitor these updates to track platform liquidity and user sentiment toward holding major assets on centralized exchanges. Keeping an eye on these monthly shifts helps traders understand broader movement patterns across the crypto market.