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Binance's Aug 2026 report shows rising Bitcoin balances, but Ethereum and Tether holdings decline.

Protocol Fundamentals
19 Aug 2026
Crypto news
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Neutral
Binance's Aug 2026 report shows rising Bitcoin balances, but Ethereum and Tether holdings decline.

Binance's 45th Proof of Reserves report from August 1, 2026, reveals that user Bitcoin holdings increased by 16,349 BTC to approximately 657,000 BTC, continuing a three-month growth trend. Meanwhile, Ethereum and Tether (USDT) balances declined by 2.57%, with ETH dropping to about 3.98 million and USDT falling to roughly 32.9 billion tokens. Binance reported reserve ratios above 100% for BTC, ETH, and USDT, indicating reserves slightly exceed user liabilities. The report highlights balance changes but does not clarify the reasons behind movements, such as deposits, withdrawals, or transfers. Proof of Reserves offers a snapshot of backing but is not a full financial audit. The next report, likely in early September, will show if these trends continue.

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