Cryptocurrency exchange Binance has released a proof of reserve report, shedding light on the dynamic nature of the crypto market and user holdings. The document, published on Thursday, emphasizes Binance's commitment to maintaining a secure and reliable trading environment.
Bitcoin (BTC) holdings on the platform saw a minor uptick of 0.12%, bringing the total to 588,000 BTC. This slight increase underscores the ongoing resilience of Bitcoin in a fluctuating market.
In contrast, Ethereum (ETH) and Tether (USDT) assets experienced declines. Ethereum holdings dropped by 1.6% to 3.83 million ETH, while Tether decreased by 0.8% to 15.31 billion USDT.
These figures illustrate the ever-changing crypto landscape and offer crucial insights into market trends and user behavior. As one of the world's largest cryptocurrency exchanges, Binance's data provides a valuable snapshot of the current state of the crypto market.
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