Binance Reports 8,181 BTC Decline in November Reserves

Binance’s November report indicates a significant Bitcoin reserve drop from October, leaving the exchange with just over 12,500 BTC.

BTC

116d ago

Summary

Binance’s November 7 reserve report reveals a reduction of roughly 8,181 BTC from October holdings, bringing its total Bitcoin reserves to 12,504.789 BTC. The decrease represents a substantial contraction in the exchange’s digital asset reserves.

Terms & Concepts

BTC: Abbreviation for Bitcoin, the world’s first and largest cryptocurrency by market capitalization.
Reserves Report: A disclosure by a financial or crypto institution detailing the amount of assets held, often to provide transparency about liquidity.