Binance Denies Selling Assets Amid Reserve Decline Rumors

Binance has clarified that it has not been selling assets successful effect to the caller rumors of a alteration successful its non-customer plus holdings.

As per data, Binance’s reserves included astir 2,746 Bitcoin (BTC), 275 cardinal Tether (USDT), 174 Ethereum (ETH), and 4,179 Solana (SOL) astatine the extremity of January 2025.

Binance’s reserves data

In December 2024, erstwhile Binance reportedly held 46,896 BTC,  2.99 cardinal USDT, 216,312 ETH, and 442,234 SOL. This marks a crisp diminution fueling speculation astir an $8 cardinal simplification successful reserves.

However, Binance has stressed that the changes are the effect of interior treasury accounting adjustments alternatively than plus sales. The speech stressed that idiosyncratic assets are inactive wholly guaranteed and safeguarded by its Secure Asset Fund for Users (SAFU). 

Binance Denies Selling Assets, Source: X

Binance besides pointed to its Proof of Reserves system, which ensures each lawsuit assets are covered connected a 1:1 basis. While Binance maintains that these movements bash not interaction idiosyncratic funds, crypto analysts and traders proceed to show the concern for further developments.

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