Report Proof of Reserves (PoR) for the 33rd time from Binance, with data as of August 1, 2025, has been published, showing a significant change in how customers hold cryptocurrency. The numbers indicate a clear polarization in investor sentiment, with significant moves from Ethereum to Bitcoin.
Nearly Half a Million Ethereum Leaves Binance
The biggest change in the latest report is that the amount of Ethereum (ETH) held by customers has decreased by 9.84%. From July 1 to August 1, a total of 496,984 ETH left the exchange.
This large outflow could mean widespread profit-taking, a change in trading strategy, or users simply transferring their ETH to DeFi protocols on-chain.
The Amount of Bitcoin and Stablecoin Held Increases
In stark contrast to Ethereum, Binance’s Bitcoin (BTC) reserves increased by 2.99% as customers added 17,167 tokens in the same month. This indicates that users on the platform are still focused on accumulating Bitcoin.
Stablecoin reserves also increased, with USDT holdings rising by 258 million tokens (up 0.87%), indicating strong demand for cash-equivalent assets on the exchange. Binance Coin (BNB) reserves increased slightly, by only 0.38%, equivalent to 150,257 tokens.
Binance's Position in the Global Market
Changes in the amount held by customers are occurring while Binance maintains a dominant position, albeit complex, in the global cryptocurrency market.
According to data from research firm Kaiko earlier this year (February 15, 2024), Binance handled up to 53.14% of the total trading volume across 33 major global exchanges.
However, the story is completely different in the United States, where Binance Global is not a competitor. The U.S. branch of Binance, Binance.US, only accounts for 0.63% of the trading volume in a market overwhelmingly controlled by Coinbase at 59.3%.