$BTC $ETH $TRUMP

Binance moves $46 billion in Bitcoin, Ethereum and USDT from its reserves

Binance, the world’s largest cryptocurrency exchange, has published its “proof of reserves” for the month of February. One of the main changes observed is the liquidation of the excesses seen in previous reports.

For example, in January the exchange had 8.15% excess in its Bitcoin reserves and another 12.12% in USDT. In February, these excesses are at just 0.45% and 1.01%, respectively.

Despite this, the exchange has seen an increase in the number of deposits. While it held 575,296 bitcoins last month, Binance now holds 615,816 bitcoins on behalf of its users. In the case of USDT, the sum rose from 24.6 to 27.3 billion

Binance's proof of reserves indicates a sale by the broker

The main changes in Binance's proof of reserves are seen in the reserves of the largest cryptocurrencies. In addition to Bitcoin and USDT, Ethereum's excesses fell from 4.2% to zero. Among the 8 largest, only USDC appears with an increase, from 32.32% to 41.28%.