Binance’s 44th proof-of-reserves snapshot shows customer Bitcoin holdings rose 1.22% in June, adding 7,715 BTC to reach 640,000 BTC. Ethereum and USDT balances declined, with ETH falling 1.41% to 4.08 million and USDT dropping 1.51% to 33.7 billion. The report, taken July 1, continues Bitcoin’s upward trend after a 25,838 BTC increase in May. Binance uses Merkle trees and zero-knowledge proofs to verify 1:1 asset backing. The exchange also recorded $1.61 trillion in futures trading volume in June, a monthly record for 2026.
Binance reported higher customer Bitcoin holdings in its 44th proof-of-reserves update, while Ethereum and Tether balances fell during June. The snapshot was taken on July 1 and compared user balances with figures recorded on June 1.
Customer Bitcoin holdings rose 1.22% to about 640,000 BTC. The increase added 7,715 BTC to user balances during the month. Ethereum holdings fell 1.41% to around 4.08 million ETH, a drop of 58,591 ETH. USDT balances also fell by 1.51% to almost 33.7 billion tokens, meaning 510 million USDT less than the last report.
The data for July continued the upward trend of Bitcoin balances recorded one month before. Binance users had increased their holdings by 25,838 BTC in May, according to Binance’s 43rd proof-of-reserves report. That increase allowed customer Bitcoin holdings to rise by 4.26% to about 630,000 BTC.
Unlike Bitcoin, Ethereum experienced the opposite trend after an increase in May. Customer balances of Ethereum had risen by 10.17% in the previous report, but the July 1 snapshot recorded a fall of 58,591 ETH. USDT balances continued falling for the second month running, from about 34.3 billion to 33.7 billion.
Binance reports it keeps customer assets in a 1:1 ratio along with reserves. The company uses Merkle trees and zero-knowledge proofs to enable users to verify their account balances are reflected in liabilities.
The reserve check came after an active month in derivatives trading. According to CryptoQuant data, Binance had $1.61 trillion of futures trading volume in June, a record monthly total for 2026. Previously, CoinMarketCap data ranked Binance as the leader in January 2026 with $155.6 billion in proof-of-reserves assets.
