Binance October Proof of Reserves Shows User BTC Holdings Rise 0.91%
Binance’s October proof-of-reserves data showed that user Bitcoin holdings increased to approximately 688,600 BTC, while holdings of Ethereum, USDT and BNB all declined from the previous month.
Bitcoin Holdings Increase
According to data reported by Wu Blockchain, Binance’s October proof-of-reserves figures were based on a snapshot taken on October 1. User BTC holdings stood at approximately 688,600 BTC, representing a 0.91% increase from the September 1 snapshot.
The monthly increase amounted to 6,217 BTC. The change in Bitcoin holdings was the only increase among the four assets specifically reported in Binance’s October reserves data.
ETH, USDT and BNB Holdings Decline
User Ethereum holdings fell 4.61% during the same period to about 3.799 million ETH. That represented a decrease of roughly 183,600 ETH compared with the September 1 figure.
Binance’s user USDT holdings also declined. The amount stood at approximately 32.03 billion USDT, down 0.87%, or about 280 million USDT, from the previous month.
User BNB holdings decreased as well, falling 0.77% to around 43.04 million BNB. The decline represented roughly 334,200 BNB compared with the September 1 snapshot.
The figures provide a month-to-month comparison markets of user holdings across Bitcoin, Ethereum, USDT and BNB. While BTC holdings rose by 0.91%, the reported balances for ETH, USDT and BNB each recorded declines in the October snapshot.
Writer: Victoria HaleTechnology & Blockchain WriterVictoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.She prioritises clarity and accuracy when explaining technical developments to a general audience.
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