Notable revelations in Binance's latest wealth report.
- #Binance 's July 2024 PoR report shows that the exchange currently holds about $115 billion in crypto in user funds, almost double the $61 billion recorded a year ago . When reports of the multi-year US Department of Justice (DOJ) investigation into Binance were first revealed in December 2022, the PoR figure recorded at that time was only 45.6 billion USD.
-Comparing with the chart, user deposits since January 2023 have continuously increased to create new peaks despite the ongoing legal troubles targeting Binance over the past year, showing customer confidence. entering the trading floor remains unchanged.
-Cryptocurrencies preferred by Binance users to increase their holdings compared to the time before the explosive legal troubles are Curve ($CRV), Arbitrum ($ARB), Aptos ($APT), Hashflow ($HFT), Enjin ($ENJ) and Optimism ($OP) - all increased by more than 70%, in the case of CRV by 270%.
Many investors believe that "behind" this token, there is a founder who continuously supports the price. Chiliz ($CHZ) and Shiba Inu ($SHIB) are at the bottom of the table, down 32% and 18% respectively. Meanwhile, USDT and USDC balances recorded growth of 51% and 37%, respectively.