Binance has released its 31st Proof-of-Reserves (PoR) snapshot as of June 1, showing minor shifts in user holdings across top assets. The numbers reflect routine market adjustments but offer a pulse on investor sentiment heading into mid-2025.
According to the report, Binance users now collectively hold 593,000 BTC, representing a 1.82% drop from May 1. In contrast, Ethereum holdings have risen by 1.05% to 5.337 million ETH, signaling slight investor confidence in ETH despite recent market turbulence. USDT balances saw a mild dip of 0.77%, now totaling 28.83 billion, marking a decline of $223 million over the past month.
These figures come amid market fluctuations and ongoing demand for transparency from major exchanges. Binance remains the second-largest crypto reserve holder globally, with approximately $110 billion across BTC, ETH, USDT, and USDC. Coinbase still leads the pack with $129 billion under custody, as noted in earlier reports.
Following the update, Binance’s native token BNB slipped below $650, currently trading at $649.89, despite posting a modest 0.15% gain over 24 hours. The price dip suggests investors are digesting the report with caution, even though Binance continues to show strong reserve backing.
This update is part of Binance’s ongoing push to reinforce transparency and user confidence after a turbulent period for the industry. Though no major red flags surfaced, these numbers will be closely watched as regulatory scrutiny intensifies and trading activity picks up for the second half of the year.
Binance’s consistency in publishing PoR reports shows a clear intent to stay ahead on trust, something traders and regulators alike are paying close attention to.
Proof of Reserves is an audit method showing that a crypto exchange holds enough assets to match user deposits.
It proves the exchange holds enough assets to match customer balances, enhancing trust and accountability.
Yes, PoR may not show real-time liabilities or off-chain obligations, limiting its full transparency.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Early Monday, a major AWS outage in the US-EAST-1 region caused service disruptions across the…
It’s been a chaotic start to the week for the global internet and crypto wasn’t…
Story Highlights The live price of the Zcash token is The average price target for…
October 20, 2025 12:05:56 UTC Strategy Acquires 168 BTC, Achieves 26% Yield YTD Strategy has…
After a volatile start to October, Chainlink has finally caught a strong bid. The token…
BlackRock, the world’s largest asset manager with over $13 trillion in assets, has officially launched…
