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CoinDesk - by layer3.news
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2025-02-10 16:09:06
in reply to nevent1q…w03d

Binance Bitcoin Reserves Slumped $355M in January as User Balances Rose by $4.4B


CoinDesk (nprofile…nhef)
✍️ Binance's bitcoin reserves dropped by $355 million in February, while customer balances grew by over $4 billion, bringing the two figures more in line with each other.
👉 Binance's bitcoin reserves dropped by $355 million in February
👉 Customer balances grew by over $4 billion
👉 Rate of collateralization fell to 100% from 108%
👉 Tether's USDT stablecoin balances also fell, dropping about $25 million

#technology
CoinDesk (nprofile…nhef)

The ratio of Binance USDT reserves to user balances also dropped significantly.
https://www.coindesk.com/business/2025/02/10/binance-bitcoin-reserves-slumped-usd355m-in-january-as-user-balances-rose-by-usd4-4b

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