Binance has released its twelfth Proof of Reserve report, giving a snapshot of its holdings as of November 1, 2023.
In this report, the exchange discloses the amounts of various cryptocurrencies it holds, comparing them to customer assets.
Exchanges Proof of Reserves, Source: Dune
Bitcoin (BTC)
Customer Net Balances: 584,659,077 BTC
Binance Net Balances: 609,310.54 BTC
Rate: 104.22%
Ethereum (ETH)
Customer Net Balances: 3,916,289.491 ETH
Binance Net Balances: 4,119,859.652 ETH
Rate: 105.20%
Binance Coin (BNB)
Customer Net Balances: 31,216,990.449 BNB
Binance Net Balances: 34,780,090.978 BNB
Rate: 111.41%
Tether (USDT)
Customer Net Balances: 15,270,122,379,327 USDT
Binance Net Balances: 18,146,029,533,888 USDT
Rate: 118.83%
Binance USD (BUSD)
Customer Net Balances: 835,359,336.352 BUSD
Binance Net Balances: 1,116,058,372.655 BUSD
Rate: 133.60%
USD Coin (USDC)
Customer Net Balances: 918,194,516.301 USDC
Binance Net Balances: 952,207,696.929 USDC
Rate: 103.70%
Litecoin (LTC)
Customer Net Balances: 5,569,377.819 LTC
Binance Net Balances: 5,649,004,963 LTC
Rate: 101.43%
Ripple (XRP)
Customer Net Balances: 2,659,549,227.727 XRP
Binance Net Balances: 2,770,726,176,367 XRP
Rate: 104.18%
Solana (LEFT)
Customer Net Balances: 26,642,841.003 SOL
Binance Net Balances: 27,245,703,873 SOL
Rate: 102.26%
Chainlink (LINK)
Customer Net Balances: 52,451,368.99 LINK
Binance Net Balances: 54,590,278,565 LINK
Rate: 104.08%
1inch (1INCH)
Customer Net Balances: 123,138,527.015 1INCH
Binance Net Balances: 125,222,064.551 1INCH
Rate: 101.69%
Aptos (APT)
Customer Net Balances: 15,943,609.392 APT
Binance Net Balances: 16,359,352.917 APT
Rate: 102.61%
Arbitrum (ARB)
Customer Net Balances: 296,535,468.766 ARB
Binance Net Balances: 298,495,551.61 ARB
Rate: 100.66%
Chromia (CHR)
Customer Net Balances: 347,329,830.995 CHR
Binance Net Balances: 371,205,311,013 CHR
Rate: 106.87%
Chiliz (CHZ)
Customer Net Balances: 3,538,282,736.988 CHZ
Binance Net Balances: 4,267,001,590.84 CHZ
Rate: 120.60%
Curve DAO Token (CRV)
Customer Net Balances: 93,281,529.837 CRV
Binance Net Balances: 95,789,698.344 CRV
Rate: 102.69%
PowerPool (CVP)
Customer Net Balances: 23,961,575.973 CVP
Binance Net Balances: 25,143,339.399 CVP
Rate: 104.93%
Dogecoin (DOGE)
Customer Net Balances: 12,274,520,954.89 DOGE
Binance Net Balances: 12,326,319,766,654 DOGE
Rate: 100.42%
Polkadot (DOT)
Customer Net Balances: 101,614,992.545 DOT
Binance Net Balances: 113,837,637.632 DOT
Rate: 112.03%
Enjin Coin (ENJ)
Customer Net Balances: 160,750,327,034 ENJ
Binance Net Balances: 168,612,109.515 ENJ
Rate: 104.89%
Frax (FDUSD)
Customer Net Balances: 444,471,938.424 FDUSD
Binance Net Balances: 556,924,230,485 FDUSD
Rate: 125.30%
The Graph (GRT)
Customer Net Balances: 773,995,507,943 GRT
Binance Net Balances: 794,187,503,539 GRT
Rate: 102.61%
Hifi Finance (HFT)
Customer Net Balances: 82,960,813,392 HFT
Binance Net Balances: 85,452,497.315 HFT
Rate: 103.00%
Mask Network (MASK)
Customer Net Balances: 14,474,524,196 MASK
Binance Net Balances: 15,149,112,581 MASK
US-based Bitcoin ETFs see robust capital inflows of $257.3 million, signaling renewed investor interest. Notable providers like Grayscale and BlackRock report positive inflows, reflecting a bullish sentiment. Debates on transparency and market manipulation resurface amidst BTC's stability at $66,109.
Xu LinCryptocurrency market bounce aligns with stablecoin market cap growth, signaling increased industry inflows. Recent plateau suggests stagnant sentiment. Future stablecoin trends may offer insights into broader market direction.
Huang BoBitcoin remains stable above $66,000, with significant whale accumulation indicating bullish sentiment. Large investors acquire over 3400 BTC, fueling anticipation of a price rally. Market sentiment suggests increased demand from whales may drive upward movement. Despite subdued trading, the positive trend in the U.S. Spot Bitcoin ETF boosts investor confidence.
EdmundBitcoin surged to $66,000 but faces potential correction with 18,000 options expiring today. Max Pain at $63,000 suggests price pressure. Despite softer CPI data, demand for short-term downside protection remains. Long-term outlook optimistic, with growing institutional involvement, especially with CME Group's Bitcoin spot trading introduction.
Xu Lin600 companies invest $3.5 billion in spot Bitcoin ETFs via SEC filings. Major players include Morgan Stanley and Millennium Management. Despite recent decreases in inflows, demand remains strong among financial institutions.
Huang BoBitcoin's correlation with US stocks rises, indicating market shift. Despite economic uncertainties, Bitcoin rebounds, outpacing S&P 500. ETF inflows signal investor interest. Whale activity decline noted, but could signal bullish trend if reversed.
EdmundOn May 15, US spot bitcoin ETFs saw robust performance, accruing $303 million in gains over three days. Blackrock's IBIT observed zero inflows, while Grayscale's GBTC recorded $27 million inflows. FBTC led with $131 million inflows, emphasizing a competitive landscape among ETFs.
Xu LinWhale loses 1,155 BTC ($71M) in sophisticated hack, highlighting crypto security risks. Hacker exploits phishing tactic, underscores importance of offline key generation, hardware wallets, and cautious transaction practices. Tips include verifying addresses, conducting test transfers, and exploring multi-signature methods for added security.
Huang BoToncoin [TON] emerges as strong competitor to Bitcoin [BTC] in Layer 1 Network. Toncoin outperforms BTC with 160% gain, higher active addresses. Despite surge, trader sentiment sours, contrasting Bitcoin's positive sentiment.
EdmundBracebridge Capital invests $363 million in Bitcoin ETFs, joining institutional trend. Wisconsin becomes first local government to disclose Bitcoin investment. Major institutions like JPMorgan, Wells Fargo, BNP Paribas, and BNY Mellon also enter crypto space.
Xu LinAs the Bitcoin market continues to develop, the achievement of surpassing the silver ETF has consolidated Bitcoin's important position in the global financial market.
JinseFinanceTether expands bitcoin holdings to 66,465 BTC with a $380 million acquisition, affirming a consistent accumulation strategy. The stablecoin issuer diversifies into bitcoin mining and commits to regular investments.
Huang Bo"I still own a bunch of dogecoin, and Spacex owns a bunch of bitcoin."
ZoeyTether accumulates Bitcoin, now holding $3 billion worth, potentially among top 10 BTC holders. Increased holdings speculated from Bitfinex and reinvestment of profits. Bitcoin's ETF anticipation boosts price amid institutional interest. Major financial players enter crypto realm.
EdmundA summer move to eliminate bitcoin trading fees and the collapse of rival exchange FTX pushed even more investors to the Binance platform.
CoindeskByBit has joined the ranks of major crypto exchanges such as Binance to publicly provide its proof of reserves.
cryptopotatoData shows Binance has now surpassed Coinbase to become the exchange with the largest Bitcoin reserve in the market.
BitcoinistBinance CEO Changpeng Zhao advised investors not to buy crypto given the volatility cause by the FTX collapse.
BeincryptoThe electric car company did not buy or sell any bitcoin in the quarter, after selling 75% of its holdings in the second quarter.
OthersData shows the Bitcoin trading volume on exchanges other than Binance has recently been near the yearly lows reached in ...
Bitcoinist