Binance, one of the leading cryptocurrency exchanges, has published its new reserve data for July, confirming its asset surplus and noting changes in user behavior.
Overview of Reserves
According to the report, 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 an increased 111.79% of BNB.
Changes in Cryptocurrency Balances
The data also 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.
Impact on Users and the Market
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 efforts to cover a wider array of cryptocurrencies.
Binance’s monthly reserve reports have become a cornerstone of its strategy to reinforce transparency and restore confidence in centralized exchanges following the industry’s turbulence in 2022.
