Binance Adds 17K BTC in August PoR as ETH Reserves Drop 9.8%

Binance has released its 33rd Proof of Reserves (PoR), offering a transparent look at user-held assets. The snapshot, dated August 1, shows a notable rise in BTC and USDT reserves. Meanwhile, ETH holdings saw a sharp decline.

According to WuBlockchain, Binance users now hold 591,164 BTC. That’s a monthly increase of 17,167 BTC or 2.99% compared to July 1. The increase reflects rising investor confidence during recent market dips. Binance continued PoR reporting provides users with an additional layer of transparency. It serves as a key trust-building exercise, especially amid broader regulatory scrutiny in global markets.

ETH Reserves Fall Despite Market Stability

While BTC and USDT reserves saw gains, ETH holdings moved in the opposite direction. Users now hold 4.55 million ETH on Binance, a drop of nearly 497,000 ETH from last month. That’s a steep 9.84% drop in just one month. But it doesn’t necessarily mean users are losing interest. Instead, it likely points to a shift in behavior. Many users are moving their ETH to cold wallets for safekeeping or staking it elsewhere to earn passive rewards. 

With Ethereum’s staking incentives and Layer 2 ecosystems growing fast. This outflow lines up with broader market trends. Still, despite the dip, Binance continues to hold the largest ETH reserves among all exchanges. The current shift highlights how users increasingly diversify how and where they hold digital assets.

USDT and BNB Also See Modest Growth

USDT holdings on Binance increased by 258 million, bringing the total to 29.85 billion tokens. That’s a 0.87% rise month-over-month. BNB reserves also posted a minor increase. Users now hold 39.79 million BNB, up by 150,000 from July. The 0.38% growth in BNB indicates continued user engagement within the Binance ecosystem. These reserve trends reinforce Binance’s role as a central hub for both trading and long-term storage.

Transparency and User Behavior in Focus

Binance’s PoR update offers more than just numbers, it reveals evolving user strategies. The increase in BTC and USDT aligns with accumulation behavior during volatile periods. In contrast, the ETH outflows may reflect a broader move toward staking or long-term holding.

In an industry where trust is currency, Binance’s regular PoR reports help bridge the transparency gap. As market maturity grows, such disclosures will likely become standard across major platforms. Binance’s August report offers a snapshot of shifting investor priorities and a signal of deepening crypto adoption.