Binance’s Latest Proof of Reserves Shows 4% Rise in User BTC Holdings

Binance released its 37th Proof of Reserves snapshot for Dec. 1, and the latest figures show a modest reshuffle among the exchange’s biggest held assets. According to the snapshot, user Bitcoin balances rose to 617,620 BTC, an increase of about 4% from the Nov. 1 tally, representing roughly 23,768 BTC added over the month.

Ethereum holdings on the platform moved in the opposite direction: user ETH balances fell 1.32% to 4.04 million ETH, a decline of about 54,257 ETH compared with the start of November. Meanwhile, Tether (USDT) showed a small pullback, with user USDT holdings slipping 1.24% to 34.3 billion USDT, down roughly 430 million USDT month-over-month.

Growing Bitcoin Balances

Those changes follow November’s snapshot, which reported smaller BTC balances and slightly higher ETH and USDT figures; Binance’s month-to-month disclosures make clear how user custody balances can shift with market flows and trading activity across the exchange.

Binance’s Proof of Reserves initiative is meant to give users verifiable evidence that assets held in custody match customer liabilities, using mechanisms such as Merkle trees and downloadable address lists so individuals and auditors can check holdings against reported totals. The exchange continues to publish these snapshots as part of its transparency commitments to customers and the wider market.

For users and observers, the latest snapshot is another data point to track liquidity and asset flows on one of the world’s largest exchanges; small percentage moves in huge pools can represent very large amounts of value, and Binance’s regular disclosures help paint a clearer picture of where that value is resting.