• Bitcoin: Users added 16,349 BTC, lifting holdings 2.55% to approximately 657,000 BTC.
• Ethereum: Holdings fell 2.57% to 3.98 million ETH in Binance's latest snapshot.
• USDT: Balances dropped by roughly 870 million tokens to approximately 32.9 billion USDT.

Binance has released its 45th Proof of Reserves report, showing that customer Bitcoin holdings reached approximately 657,000 BTC as of the August 1 snapshot. The latest snapshot recorded another monthly increase in Bitcoin balances, while Ethereum and Tether (USDT) holdings declined during the same period. The report also showed reserve ratios above customer liabilities for major assets, although Proof of Reserves remains different from a full audit. Binance began publishing the reports in late 2022, after the collapse of rival exchange FTX prompted platforms across the industry to release voluntary reserve disclosures.

Bitcoin Holdings Extend Three-Month Growth Trend

Binance reported customer Bitcoin holdings of approximately 657,000 BTC, reflecting a 2.55% monthly increase from the July 1 snapshot. The latest gain added 16,349 BTC to user balances, making it the largest monthly increase recorded across the exchange's recent reports and extending a three-month growth trend in customer Bitcoin balances. At that level, Binance customer balances alone represent about 3% of Bitcoin's fixed 21 million coin supply, illustrating the scale of customer assets custodied on a single exchange.

The exchange's previous snapshots showed customer balances rising by 25,838 BTC during May and by another 7,715 BTC during June. Taken together, those reports indicate that nearly 50,000 BTC entered customer balances between the May and August reporting periods.

The figures do not confirm, however, that users purchased every Bitcoin through Binance's trading markets during those months. Customer balances can increase through deposits, transfers from private wallets, purchases, or movements between Binance products, and the monthly snapshots do not identify any single source for the inflows.

Ethereum holdings, meanwhile, moved lower for another consecutive month after previously recording strong growth during earlier reporting periods. User ETH balances declined by 2.57%, falling by 105,154 ETH to approximately 3.98 million ETH.

Wu Blockchain highlighted the report's headline figures in a post on X:

Binance released its 45th Proof of Reserves report, based on an August 1 snapshot. User BTC holdings stood at approximately 657,000 BTC, up 2.55% from the previous snapshot on July 1, an increase of 16,349 BTC. User ETH holdings stood at approximately 3.98 million ETH, down… pic.twitter.com/2G4GDZ77Hd

— Wu Blockchain (@WuBlockchain) August 19, 2026

USDT balances also dropped by 2.57%, reducing customer holdings by roughly 870 million tokens to approximately 32.9 billion USDT. Those figures extend a three-month pattern of declining USDT balances across Binance's reserve snapshots.

Reserve Ratios Stay Above Customer Liabilities

In the latest Proof of Reserves report, Binance reported reserve ratios of 100.25% for both Bitcoin and Ethereum, together with a 103.62% reserve ratio for USDT, placing corresponding reserves above customer liabilities during the snapshot. The full report is published on the exchange's Proof of Reserves page.

The exchange uses Merkle trees and zero-knowledge proofs, allowing customers to verify their balances without exposing other account information. Users can also compare their own records with the published Merkle root and review the wallet addresses included within the system.

Proof of Reserves helps verify whether disclosed on-chain assets match reported customer liabilities at a specific moment in time. However, it does not evaluate corporate liabilities, internal controls, loans, or other off-chain obligations that a full financial audit would normally examine. Full audits remain rare among crypto exchanges, partly because major accounting firms have been reluctant to issue audit opinions for the sector; Mazars, which had performed reserve attestation work for Binance and other exchanges, suspended all of its crypto-related engagements in late 2022.

Binance has not confirmed when its 46th Proof of Reserves report will be published, although the exchange's recent monthly release cadence suggests another snapshot could follow around early September. That report will show whether customer Bitcoin balances extend their growth into a fourth consecutive month and whether the declines in Ethereum and USDT balances continue.