Binance’s Latest Proof of Reserves Shows BTC Surge
Binance’s 33rd Proof of Reserves reveals a 2.99% rise in BTC holdings, while ETH sees a decline and USDT shows slight growth.
- BTC user holdings rose to 591K BTC, up 2.99% from July
- ETH user holdings fell by 9.84%, losing 496K ETH
- USDT holdings saw modest growth, rising 0.87%
Binance has published its 33rd Proof of Reserves report, offering insight into its user asset holdings as of August 1, 2025. According to the report, the platform now holds 591,000 BTC on behalf of its users, reflecting a 2.99% increase from July 1. This jump translates to an additional 17,100 BTC, suggesting growing user trust in holding Bitcoin on the exchange.
This increase in Bitcoin reserves aligns with broader market interest in BTC, especially with speculation about future ETF approvals and institutional adoption. The trend may indicate that users are choosing to store more of their Bitcoin on Binance, possibly for easier access to trading or staking opportunities.
ETH Holdings Take a Dip
In contrast to Bitcoin’s growth, Binance’s ETH holdings dropped significantly. The exchange reported 4.555 million ETH in user assets, marking a 9.84% decline from the previous month. This equates to a loss of approximately 496,000 ETH.
The decline might signal shifting investor sentiment toward Ethereum or a move to self-custody, especially with rising Layer-2 solutions and evolving staking dynamics. As Ethereum continues to evolve post-merge, users may be exploring alternative options outside of centralized exchanges like Binance.
USDT Holdings Continue Steady Climb
Binance users’ USDT holdings saw modest growth, increasing by 258 million USDT to a total of 29.85 billion USDT. This 0.87% increase indicates stable demand for the top stablecoin, often used as a trading pair or to hedge against volatility.
The continued rise in stablecoin holdings highlights user preference for liquidity and flexibility, especially during uncertain market conditions.
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