Binance Reports Higher BTC Holdings in 39th Proof of Reserves Snapshot
The February 1 snapshot shows an uptick in Bitcoin reserves, while Ethereum holdings dropped, reflecting shifts in user asset allocation on the exchange.
BTC
ETH
Summary
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Terms & Concepts
Proof of Reserves: An audit process where a crypto exchange verifies its held assets to prove it can cover user balances.
BTC Holdings: The total amount of Bitcoin held by users on an exchange, often tracked in Proof of Reserves reports.
ETH Holdings: The total amount of Ethereum held by users on an exchange, monitored for changes in asset allocation.