August 17, 2026
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Crypto Desk

Binance reports increase in user BTC holdings amid 39th Proof of Reserves

Binance reports increase in user BTC holdings amid 39th Proof of Reserves

Binance has released its 39th Proof of Reserves report as of February 1, showing that user Bitcoin holdings have risen by 2,614 BTC to approximately 639,000 BTC, while user Ethereum and USDT holdings have declined. This transparency measure is part of Binance’s commitment to show that all user assets are fully backed 1:1, a practice increasingly adopted by crypto exchanges to rebuild trust after past scandals. The report aligns with ongoing efforts by global regulators to demand more robust verification of exchanges’ asset holdings amid market fluctuations and investor concerns.

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