Binance has released its 44th Proof of Reserves report, providing a snapshot of customer balances as of July 1, 2026. The data reveals a notable increase in user Bitcoin holdings, which rose by 7,715 BTC (1.22%) to approximately 640,000 BTC. This follows a larger 25,838 BTC jump in May, signaling sustained accumulation and rising confidence in the exchange.
In contrast, Ethereum balances declined by 58,591 ETH (1.41%) to around 4.08 million ETH, and Tether (USDT) holdings fell by roughly 510 million tokens (1.51%) to about 33.7 billion USDT. The declines in ETH and USDT mirror trends at other major exchanges like Bybit and OKX, though the report does not specify whether movements resulted from sales, withdrawals, or internal transfers.
The report comes as Binance navigates a challenging regulatory landscape, including the recent MiCA transition in the EU. Despite these pressures, the consistent growth in BTC reserves highlights strong user trust. Binance emphasizes its 1:1 asset backing and uses Merkle Trees with zero-knowledge proofs to allow customer verification of balances.
While the snapshot does not constitute a full financial audit, the figures provide a transparent view of asset backing on that date. The exchange also saw record monthly futures trading volume of $1.63 trillion in June, underscoring its dominant market position.
