Binance July Proof of Reserves Shows BTC, ETH Drop, USDT Rise
Binance’s latest Proof of Reserves shows BTC and ETH declines, while USDT holdings rose by 760 million from the previous report.
- Binance BTC holdings fell by 3.27% in July.
- ETH reserves dropped over 285,000 coins.
- USDT holdings rose to 29.59 billion, a 2.64% increase.
Binance has published its 32nd Proof of Reserves report, reflecting the state of user-held assets as of July 1, 2025. The report shows a significant decline in the platform’s BTC and ETH reserves compared to the previous month’s data from June 1.
According to the snapshot, users held 573,000 BTC, down by 19,400 BTC, marking a 3.27% decrease. Ethereum holdings also took a hit, falling by 285,000 ETH to a total of 5.051 million ETH — a 5.34% drop.
These changes might reflect shifting investor sentiment or large withdrawals from users. The decrease could also hint at asset reallocation or market reaction to broader economic trends.
USDT Holdings Surge Amid Crypto Volatility
While BTC and ETH reserves dipped, Binance’s USDT holdings moved in the opposite direction. The stablecoin reserve increased by 760 million USDT, representing a 2.64% gain. Binance now holds 29.59 billion USDT on behalf of users.
This rise in stablecoin holdings suggests users might be moving assets into less volatile options during uncertain market periods. As a stable asset pegged to the US dollar, USDT remains a common refuge during downturns or when investors choose to sit out market fluctuations.
Continued Transparency from Binance
Binance’s Proof of Reserves reports are part of the exchange’s ongoing efforts to build trust and maintain transparency in the crypto space. By releasing these monthly snapshots, Binance allows users to verify that their assets are backed 1:1, in line with its commitment to customer protection.
As the market evolves, these regular disclosures help the public track trends in user behavior, including shifts in investment preference between volatile and stable assets.
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