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Year-to-date, Binance has reduced its BTC holdings by 94.1% and ETH holdings by 99.9%
Happy Coin News
Published 02/12/2025, 08:00
Updated 02/12/2025, 09:05
Year-to-date, Binance has reduced its BTC holdings by 94.1% and ETH holdings by 99.9%
Year-to-date, Binance has reduced its BTC holdings by 94.1% and ETH holdings by 99.9%
BTC/USD
0.30%
ETH/USD
-0.08%
BNB/USD
-1.79%
Happycoin.club - Bitcoin reserves by Binance crypto exchange decreased by 94.1% from 46,896 to 2,747 BTC, Ethereum - by 99.9% from 216,313 to 175 ETH.
Other assets, including Solana (SOL) and Tether (USDT), also decreased significantly - by 99% and 99.9%, respectively. FDUSD assets decreased by 53.4%. At the same time, the share of Binance's own BNB token decreased by only 16.6%.
It is noteworthy that Binance converted most of these assets into USDC. As a result, the share of the stablecoin on the exchange increased by 57.5%.
According to crypto experts, this is most likely a strategic risk#Binanceasset conversion, and not a liquidity crisis. According to Colin Woo, the change in Binance assets is reminiscent of previous cases when the exchange took similar actions.
