Binance’s October Reserve Report Shows BTC Ratio at 100.35%
The reported ratios were 103.88% for USDT, 100.00% for Ether and 100.47% for BNB. Users’ BTC and ETH balances moved in opposite directions from September.
Binance’s October reserve report showed a 100.35% reserve ratio for Bitcoin (BTC), with the reported coverage figures offering a snapshot of the exchange’s reserves compared with users’ balances.
The reported reserve ratios were 103.88% for Tether (USDT), 100.00% for Ether (ETH) and 100.47% for BNB.
Compared with September, users’ BTC balances on Binance increased by 6,217.116 BTC, a change valued at about $536.7 million. Users’ ETH balances declined by 183,602.205 ETH, a change valued at about $498.6 million.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.