The exchange’s 44th monthly report places total customer Bitcoin holdings at approximately 640,000 BTC. While the growth persists, the pace has slowed compared to May, when users added 25,838 BTC. In contrast, Ethereum holdings dipped by 1.41%, shedding 58,591 ETH to reach 4.08 million ETH. Tether balances followed a similar downward trajectory, falling by roughly 510 million USDT to settle at 33.7 billion USDT.
These snapshots track account balances at specific intervals but do not capture the underlying motivations for the shifts. Movements could stem from new purchases, internal service transfers, or withdrawals to private wallets. The data echoes recent trends observed at other major platforms like Bybit and OKX, where Bitcoin accumulation has similarly coincided with a reduction in stablecoin deposits.
Binance maintains that it holds customer assets on a 1:1 basis, employing Merkle Trees and zero-knowledge proofs to allow for individual verification of liabilities. Although these reports confirm asset backing, they stop short of providing a full financial audit or clarifying off-chain liabilities. This latest disclosure arrives as the exchange navigates a high-volume period, having recorded $1.63 trillion in futures trading volume during June, and adjusts to new regulatory environments, including the MiCA transition in the European Union.
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