Quick Take
Year-to-date data for 2023 reflects significant shifts in Binance’s proof of reserves, an official disclosure of the exchange’s on-chain assets.
Bitcoin, buoyed by a 60% appreciation, has seen Binance reserves double from $9.4 billion in January to $17.5 billion in October. This surge has boosted Bitcoin’s share in Binance’s reserves from 27% at the start of the year to approximately 50% by October.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased