Binance Denies Selling Assets Amid Reserve Decline Rumors
Binance has clarified that it has not been promoting belongings in response to the latest rumours of a lower in its non-customer asset holdings.
As per information, Binance’s reserves included roughly 2,746 Bitcoin (BTC), 275 million Tether (USDT), 174 Ethereum (ETH), and 4,179 Solana (SOL) on the finish of January 2025.
In December 2024, when Binance reportedly held 46,896 BTC, 2.99 billion USDT, 216,312 ETH, and 442,234 SOL. This marks a pointy decline, fueling hypothesis about an $8 billion discount in reserves.
Nonetheless, Binance has careworn that the modifications are the results of inside treasury accounting changes somewhat than asset gross sales. The trade careworn that person belongings are nonetheless fully assured and safeguarded by its Safe Asset Fund for Customers (SAFU).
Binance additionally pointed to its Proof of Reserves system, which ensures all buyer belongings are lined on a 1:1 foundation. Whereas Binance maintains that these actions don’t impression person funds, crypto analysts and merchants proceed to watch the state of affairs for additional developments.
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