Binance released its 33rd Proof of Reserves (PoR) report on August 7, 2025, with a snapshot dated August 1. The world's largest cryptocurrency exchange confirmed overcollateralization for major assets: BTC reserves at 102.96%, USDT at 102.27%, ETH at 100.67%, and BNB at 111.74%.
User Bitcoin holdings surged 2.99% month-over-month to 591,164 BTC (adding 17,167 BTC), while USDT reserves rose 0.87% to 29.85 billion tokens. BNB holdings increased modestly by 0.38% to 39.79 million. Conversely, Ethereum reserves plummeted 9.84%, shedding 497,000 ETH to reach 4.55 million ETH—marking the sharpest decline among tracked assets.
The report attributes ETH's outflow to users migrating funds to cold wallets or external staking platforms, capitalizing on Ethereum's growing Layer 2 ecosystems and staking rewards. Despite this shift, Binance maintains the largest ETH reserves globally. The PoR initiative, launched post-FTX collapse, reinforces transparency amid regulatory scrutiny and reflects evolving investor behavior during market volatility.