Binance Proof of Reserves fall by $3.5B in 24 hours
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Binance Proof of Reserves fall by $3.5B in 24 hours

Binance's USD and BTC Proof of Reserves fall by $3.5 billion and 500 million, respectively, according to Glassnode data.

Josh O'Sullivan James Van Straten
By Josh O'Sullivan and James Van Straten
Editor/Reporter CryptoSlate
1 min read
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Over the last 24 hours, the Binance USD (BUSD) and Bitcoin (BTC) Proof of Reserves (PoR) have fallen by $3.45 billion, and $472.86 million respectively — according to Glassnode data analyzed by CryptoSlate.

Source: (Glassnode)

Within that same period. Binance PoR also witnessed approximately $1.86 billion in inflows of both USD Coin (USDC), and Tether (USDT). A margin decline in Ethereum (ETH) was also observed.

Binance's PoR total USD currently sits below $40 billion, as can be observed below in the Glassnode chart below. This reveals a steep decline since the start of the year and a fall in PoR holdings of approximately $13.2 billion since Sept.

Source: (Glassnode)

Binance witnessed a sharp fall in late Nov. in both BTC PoR holdings and exchange balance holdings. In late Nov., BTC PoR holdings were 555,261 BTC, while exchange holdings were 656,361 BTC.

Source: (Glassnode)
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Related Asset Bitcoin #1 BTC $78,723.42 24-hour change: down 0.49% Loading price history… 24H Down 0.49% 7D Up 13.59% 30D Up 24.72% Related Asset USDC USDC · Stablecoin Related Asset Tether USDT · Stablecoin Related Asset Binance USD BUSD · Stablecoin Related Company Binance Global crypto exchange
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Josh O'Sullivan
Josh O'Sullivan
Editor/Reporter CryptoSlate

Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and decentralized finance…

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