Binance has reported an increase in net holdings in its latest Proof of Reserves (PoR). At the time of writing, BNB continues its upward trend.
Binance’s Proof of Reserves Highlights Growth
Binance’s 15th monthly PoR for February revealed higher user and exchange balances compared to January. Key findings include:
Bitcoin (BTC):
- Customer net balances: 594.6M (up from 575.8M in January).
- Exchange net balances: 609.4M (vs. 597.6M last month).
Ethereum (ETH):
- Customer net balances: 4.1M (from 4.0M).
- Exchange net balances: 4.3M (vs. 4.2M).
This growth reflects a trend of users depositing more assets into Binance, reinforcing trust in the platform.
👉 Discover how Binance maintains transparency
Binance Dominates Exchange Rankings
CoinMarketCap data underscores Binance’s market leadership:
- 24-hour trading volume: $12B+** (vs. Coinbase’s **$2B).
- Weekly web traffic: 14M visits (closest competitor: 5M).
BNB’s Bullish Momentum
BNB’s price surged past $313, fueled by:
- A 1.9% daily gain (Feb 7: +1.52% at $307).
- RSI at 60, signaling strong bullish momentum.
FAQ Section
Q: What’s driving BNB’s price surge?
A: Increased exchange activity, positive PoR data, and broader crypto market trends.
Q: How does Binance’s trading volume compare to rivals?
A: Binance handles 6× Coinbase’s daily volume, per CoinMarketCap.
Q: Is Binance’s PoR audit reliable?
A: Yes, it’s independently verified and published monthly for transparency.
👉 Explore crypto trends with confidence