Binance's 45th Proof of Reserves report shows customer Bitcoin balances rose to about 657,000 BTC on August 1, extending gains for a third straight month. Ethereum and USDT holdings fell over the same period, and Binance reported reserve ratios above 100% for all three assets.
Binance customers added 16,349 BTC in a month, according to the exchange's 45th Proof of Reserves report, based on a snapshot taken August 1, 2026. User Bitcoin holdings climbed to approximately 657,000 BTC, up 2.55% from the July 1 snapshot. Meanwhile, Ethereum and USDT balances moved lower.
Bitcoin balances rise for a third month
The August increase was more than twice the amount added during the previous reporting period. Binance users added 25,838 BTC in May and another 7,715 BTC in June, bringing the three-month total to nearly 50,000 BTC. However, that change does not establish that customers bought the same amount through Binance's markets — reserve balances can also rise through deposits from other exchanges, transfers from private wallets, or movements between Binance products.
Ether and USDT holdings extend declines
User Ethereum balances fell 2.57% to about 3.98 million ETH, a drop of 105,154 ETH, marking a second consecutive monthly decline after balances rose sharply in June. The latest decrease was larger than the 58,591 ETH reduction recorded the month before.
USDT holdings followed a similar pattern, falling roughly 870 million tokens to about 32.9 billion, the third straight monthly decline for the stablecoin. A comparable pattern has appeared at other exchanges: Bybit and OKX also reported rising Bitcoin balances alongside lower USDT holdings in their recent snapshots.
Reserve ratios stay above customer liabilities
Binance reported reserve ratios of 100.25% for both BTC and ETH, meaning the exchange held slightly more of each asset than it owed customers at the snapshot time. USDT carried a higher ratio of 103.62%. The exchange uses Merkle trees and zero-knowledge proofs so customers can verify their balances were included without viewing other users' data.
Sources: crypto.news, Coinpedia Fintech News
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