ETH Holdings Climb, BTC and USDT Decline

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ETH Holdings Climb, BTC and USDT Decline

Binance has published its 31st monthly Proof of Reserves (PoR) report, providing a transparent snapshot of customer asset holdings and reserve ratios as of June 1, 2025.

The data shows a mixed trend across major assets, with Ethereum holdings seeing a modest increase, while Bitcoin and USDT experienced slight declines.

Key Changes in User Asset Balances

• Bitcoin (BTC): User holdings dropped 1.82% month-over-month to 593,411 BTC, down from 604,450 BTC on May 1.
• Ethereum (ETH): User holdings rose by 1.05% to 5.337 million ETH, signaling a steady accumulation trend among ETH holders.
• Tether (USDT): Total user holdings declined 0.77%, now standing at 28.83 billion USDT—down roughly $223 million.

Reserve Ratios and Surpluses

Binance continues to maintain reserves exceeding 100% across all listed assets, indicating full collateralization and surplus liquidity:

• USDC leads with a 153.01% reserve ratio.
• LTC (Litecoin) follows with 113.61%.
• BNB and FDUSD are also strongly backed at 111.74% and 112.86%, respectively.

Core assets like ETH (100.00%) and SOL (100.00%) match customer net balances 1:1. The BTC reserve ratio stands at 102.13%, while USDT reserves are at 101.52%. Notably, DOGE and POL are overcollateralized at 110.99% and 107.73%.

Summary

While Bitcoin and USDT holdings saw minor drawdowns, Ethereum‘s increase and the consistently high reserve ratios across assets underscore Binance’s ongoing commitment to transparency and solvency. As regulatory scrutiny around centralized exchanges continues, Binance‘s monthly PoR disclosures offer critical insights into the platform’s balance sheet strength and user trust.