Binance's Proof of Reserves Report Reveals Decrease in User Cryptocurrency Holdings

Binance has published its 41st Proof of Reserves report, providing insight into the company's user cryptocurrency holdings. According to the report, user Bitcoin (BTC) holdings fell by 1.93% to 618,951 BTC since March 1, representing a decrease of 12,194 BTC.

Ethereum (ETH) holdings also saw a decline, dropping 4.6% to approximately 3.69 million ETH as of April 1. This reduction amounts to around 178,068 ETH compared to the previous month.

Additionally, user Tether (USDT) holdings decreased by 3.68%, equating to about 35.1 billion USDT. The total decrease in Tether holdings is roughly 1.34 billion USDT from the previous month.