Binance and Ripple Holdings in Latest Proof of Reserves

Binance’s 19th Proof of Reserves (PoR) report shows changes in Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Ripple (XRP), and Dogecoin (Shiba Inu) holdings, with total asset reserves at $124.69 billion.

Well-known cryptocurrency journalist Colin Wu pointed out on Twitter that Binance has published its 19th reserve proof, showing significant changes in user assets. As of June 1, Binance users held 582,292 BTC, an increase of 534 from May 1. User ETH assets reached 46.64 million, an increase of 7.02%, while the USDT held by users decreased by 3.38% to 22.08 billion.

Overall, Binance’s total reserves are $124.69 billion, down $1.54 billion from the previous month. The report is crucial as it confirms Binance’s commitment to holding user assets 1:1, with additional reserves.

XRP Balances and Whale Dynamics

The report also details XRP’s financial statistics. The user net balance reached 2.9 billion XRP, while the Binance net balance was 2.934 billion XRP. This figure includes 2.914 billion XRP in direct exchange balances and 20.69 million XRP in third-party escrow.

The XRP ratio is 101.17%, indicating a surplus on one of the balance indicators. Currently, XRP is trading at $0.5242, with a 24-hour increase of 0.03%.

Exchanges like Binance have noticed the inflow and outflow of funds. Blockchain tracker Whale Alert observed $88 million of XRP moving between Coinbase and Binance yesterday. These dynamics 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 net balance of customers was 62.62 trillion SHIB, while Binance’s net balance reached 64.8 trillion tokens. Among them, there are 64.599 trillion SHIB in direct exchange balance and 20.955 billion SHIB in third-party custody.

The SHIB ratio is 103.49%, indicating that customer holdings are slightly higher than Binance. SHIB is currently trading at $0.00002524, down 1.43% from the previous day.

In addition, SHIB has gained wide support and listing on several leading centralized exchanges. Cryptocurrency analyst Del Crxpto earlier expressed optimism that SHIB would not be the only ecosystem token on Binance.

Despite calls from the community, major exchanges such as Binance and Coinbase have yet to list Dogecoin ecosystem tokens such as BONE.

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