Binance continues to publish its traditional reserve reports. Through these reports, it discloses reserve information to fulfill its responsibilities to customers. The latest report published by Binance becomes significant after a $4.3 billion fine.
Binance announced its tenth reserve report on December 1st and showed a strong net inflow of $311 million compared to the previous month. This situation demonstrates the sustainable popularity of the platform and the increasing trust of users in the Binance ecosystem.
Looking at the user asset portfolio, BTC assets were recorded as 561,000. On a monthly basis, a decrease of 4.05% was observed compared to the previous month, and reserves in BTC decreased by 23,656 BTC.
<a href="https://en.bitcoinhaber.net/societe-generale-becomes-the-first-traditional-financial-institution-to-issue-tokenized-bonds-on-ethereum”>Ethereum assets total 3.88 million, experiencing a very slight decrease of 0.67%. On the other hand, customers’ USDT assets on the cryptocurrency exchange showed a significant increase, reaching $16.136 billion. This represents an increase of $866 million compared to the previous month and a rise of 5.67%. The total USDT assets held on the exchange are $19.24 billion.
As Binance continues to be a central player among cryptocurrency exchanges, platform users are benefiting not only for trading but also for innovative financial tools like reserve certificates. These periodic disclosures serve as a barometer for market trends and user sentiment, as well as demonstrating the platform’s transparency commitments.