Binance’s 19th Proof of Reserves (PoR) report shows changes in Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Mayacoin (XRP), and Dogecoin (Shiba Inu), with total asset reserves reaching $124.69 billion.
Well-known cryptocurrency journalist Colin Wu highlighted on Twitter that Binance released its 19th Proof of Reserves report, showing significant changes in user assets. As of June 1, Binance users held 582,292 BTC tokens, an increase of 534 from May 1. Users’ ETH assets reached 4.664 million, up 7.02%, while USDT tokens held by customers fell 3.38% to 22.08 billion.
Overall, Binance’s total reserves are $124.69 billion, down $1.54 billion from the previous month. This report is crucial because it confirms Binance’s commitment to holding user assets at a 1:1 ratio, with additional reserves.
Mayacoin Balances and Large Trader Activity
The report also details MayaCoin’s financial statistics. The customer net balance is 2.9 billion XRP, while the Binance net balance is 2.9347 billion XRP. This figure includes 2.914 billion XRP in direct trading balances and 20.69 million XRP in third-party custody.
The XRP ratio is 101.17%, indicating a surplus on a certain balance indicator. As of writing, XRP is trading at $0.5242, with a 24-hour gain of 0.03%.
For example, exchanges such as Binance have noticed inflows and outflows of funds. Blockchain tracker Whale Alert observed $88 million in XRP moving between Coinbase and Binance yesterday. These activities are critical to understanding an exchange’s liquidity, risk management, and asset allocation.
Binance Dogecoin Holdings
The report also provides insights on the Dogecoin (Shiba Inu) cryptocurrency. The customer net balance is 62.62 trillion SHIB and the Binance net balance is 64.8 trillion tokens. This includes a direct transaction balance of SHIB 64.599 trillion and third-party custody of SHIB 20.955 billion.
The SHIB ratio is 103.49%, indicating that customer holdings are slightly higher than Binance. Currently, SHIB is trading at $0.00002524, down 1.43% from the previous day.
In addition, SHIB has received extensive support and listing from multiple leading centralized exchanges. Cryptocurrency analyst Del Crxpto earlier expressed optimism that SHIB will not be the only ecosystem token traded on Binance.
However, despite calls from the community, major exchanges such as Binance and Coinbase have yet to list BONE, another Dogecoin ecosystem token.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may contain the personal opinions of the author and do not necessarily reflect the views of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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