Binance US CEO Stephen Gregory announces comeback strategy targeting 20% U.S. market share, with zero maker fees and plans to expand into derivatives and perpetual futures.
Regulation & Gov ·
Binance published its 44th Proof of Reserves report based on a July 1 snapshot, showing mixed movement across major holdings. Bitcoin holdings in the exchange rose 1.22% month-over-month to approximately 640,000 BTC, representing an increase of 7,715 BTC. By contrast, Ethereum and Tether balances declined: ETH fell 1.41% to roughly 4.08 million coins, and USDT decreased 1.51% to about 33.7 billion tokens, losing approximately 58,591 ETH and 510 million USDT respectively.
The Proof of Reserves attestations have become routine disclosures for Binance, typically published monthly to provide transparency into user asset holdings on the platform. These snapshots serve to demonstrate the exchange's ability to back customer balances, though the reports do not include liabilities or present a full balance-sheet picture.
The shifts in holdings reflect net flows in and out of the exchange during June, though the underlying drivers—whether market conditions, user behavior, or institutional activity—remain unspecified. No further breakdown of asset composition or reserve composition changes has been detailed.