Binance updated its October proof-of-reserves report on Oct. 6, according to data published on its official website. The exchange reported a BTC reserve ratio of 100.35%, a USDT reserve ratio of 103.88%, an ETH reserve ratio of 100.00%, and a BNB reserve ratio of 100.47%.
Compared with Binance’s September reserve report, the amount of BTC held by users on the platform increased by 6,217.116 BTC, worth about $536.7 million. Over the same period, user ETH holdings fell by 183,602.205 ETH, equivalent to roughly $498.6 million. The update provides the latest snapshot of reserve levels and user asset balances disclosed by the exchange for October.
Binance updated its October proof-of-reserves report on Oct. 6, according to data on its official website.
The exchange listed a BTC reserve ratio of 100.35%, a USDT reserve ratio of 103.88%, an ETH reserve ratio of 100.00%, and a BNB reserve ratio of 100.47%.
Compared with its September reserve report, the amount of BTC held by users on the Binance platform increased by 6,217.116 BTC, or about $536.7 million. User ETH holdings decreased by 183,602.205 ETH, or about $498.6 million.
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