$ETH

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 increased from 24.6 to 27.3 billion.