Binance has released its 31st Proof of Reserves (PoR) report dated June 1, highlighting subtle fluctuations in crypto asset distribution among its users. This report reveals a 1.82% decrease in Bitcoin 
$77,652 holdings, a 1.05% increase in Ethereum 
$2,498 holdings, and a 0.77% decline in USDT. As of now, Binance retains its position as the second-largest custodian in the industry with reserves exceeding $110 billion, trailing behind Coinbase, which holds $129 billion in reserves. Upon the release of the report, BNB coin dipped below the $650 threshold, settling at $649.89 with a slight daily gain of 0.15%. Binance continues to underscore transparency while navigating regulatory pressures and expects transaction volumes to soar in the latter half of the year to bolster user trust.
BTC Holdings Decrease While ETH Holdings Increase
Binance’s latest PoR snapshot provides direct insights into “who holds what,” showing opposite trends for the two most valuable cryptocurrencies. According to the exchange records, Bitcoin holdings dropped by approximately 11,000 over a month, settling at 593,000, while users increased their Ethereum holdings by 56,000, reaching 5.337 million. Meanwhile, a net outflow of $223 million in Tether was observed, bringing the total USDT balance on the exchange to $28.83 billion.
The data indicates that cryptocurrency investors are fine-tuning their portfolios in response to price fluctuations. While Bitcoin remains dominant, the increased demand for Ethereum suggests sustained interest in network upgrades and decentralized finance prospects. Binance aims to maintain high transparency standards by regularly releasing data, countering criticisms of “invisible reserves” in the industry.
BNB Reacts to the Report with a Dip
Following the report’s release, the altcoin BNB experienced a brief retreat, reflecting a cautious market reaction to the data. Despite the limited dip below the $650 threshold, concerns about overall reserve adequacy were minimal. Investors closely monitored liquidity moves during the Asian session.
For Binance, the periodicity of PoR is a strategic response to the question of “how trust is built.” As regulatory scrutiny intensifies, the exchange’s claim of safeguarding users’ $110 billion worth of assets against new fluctuations is reinforced. Binance plans to uphold monthly reports for the rest of the year, aiming to raise industry standards.
