Binance has released its latest proof-of-reserves report, offering a fresh snapshot of user assets and exchange holdings as of July 1.
This marks the 32nd such disclosure since the initiative was launched following the collapse of FTX, which shook trust across centralized crypto platforms.
The report confirms that Binance remains overcollateralized across major tokens, including Bitcoin (BTC), Ethereum (ETH), USDT, and BNB. The exchange holds 102.51% of user BTC, 101.11% of USDT, 100% of ETH, and a notably higher 111.79% of BNB, signaling that reserves continue to exceed user deposits.
However, the data reveals noticeable shifts in user behavior. Bitcoin balances on the platform dropped 3.27% to 573,000 BTC, while Ethereum holdings declined more sharply—down 5.34% to 5.05 million ETH. In contrast, USDT holdings increased by 2.64% to nearly 29.6 billion tokens, suggesting rising interest in stablecoins.
BNB assets on the exchange also saw a slight decline of 0.54%, landing at 39.64 million tokens.
Alongside the flagship assets, the report includes a broader list of tracked tokens such as Solana, PEPE, SUI, WIF, TRUMP, Ethena (ENA), and Hedera (HBAR), indicating Binance’s ongoing effort to cover an expansive range of user-held cryptocurrencies.
Binance’s monthly reserve reports have become a cornerstone of its strategy to reinforce transparency and restore confidence in centralized exchanges after the industry’s turbulence in 2022.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is passionate about questions of meaning. He is a fluent German speaker as well as He has been in the crypto space for more than three years and has an eye for spotting emerging trends in the world of digital currencies. Whether providing in-depth analysis or reporting on all topics on a daily basis, his deep understanding and enthusiasm for what he does makes him a valuable addition to the team.
Source: https://coindoo.com/binance-reveals-new-reserve-data-for-july/