Leading cryptocurrency exchange Binance continues to demonstrate its commitment to transparency and user-centered financial services by issuing its reserve certificate.
Binance Releases Reserve Document with $311 Million Net Inflow
The report highlights key financial metrics that demonstrate the platform's resilience and growth in the ever-evolving crypto landscape.
On the other hand, all assets held by Binance are kept in cold wallets, corresponding to over 100 percent.
Other key highlights from the reserve certificate:
- Net Inflow 311 Million Dollars:
The reserve certificate reveals a significant Month-to-Month net inflow of $311 million. This indicates a positive trend in user activity and capital flow within the Binance ecosystem.
- Users' BTC Assets:
Users' Bitcoin (BTC) assets amounted to 561,000 BTC. However, there was a 4.05% decrease compared to the previous month, which corresponded to a decrease of 23,656 BTC.
- Users' ETH Assets:
Users' Ethereum (ETH) holdings decreased by a reasonable 0.67% to 3.88 million ETH.
- Users' USDT Assets:
Tether (USDT) assets showed significant growth, reaching 16.1 billion USDT. This represents a strong increase of 5.67%, equivalent to 866 million USDT.
The increase in USDT holdings indicates a preference for stablecoins, which are often used as a hedge against market volatility.
*This is not investment advice.