USDT
−0.0%Binance Users Increase Bitcoin Holdings as Ethereum Balances Drop
Image: BeInCryptoBinance's latest Proof of Reserves data shows user Bitcoin holdings rose 0.91% to roughly 688,600 BTC between September 1 and October 1, 2026, the only major listed asset with growing user balances on the exchange. Over the same period, user Ethereum holdings fell 4.61% to around 3.799 million ETH. User USDT and BNB balances also declined during this window. The exchange's report does not confirm if the same users sold ETH to purchase Bitcoin.
Key points
- Bitcoin was the only major listed asset with growing user balances on Binance over this period.
- Binance's Proof of Reserves report does not confirm if the same users sold ETH to buy Bitcoin.
Why it matters
The shift highlights changing user asset preferences on one of the world's largest crypto exchanges. The data also confirms Binance holds more than 100% of customer deposits for all its listed assets.
What's unclear
Whether the same Binance users sold Ethereum to buy Bitcoin, as PoR data only shows aggregate balance shifts
The specific reason for the decline in user Ethereum, USDT and BNB holdings on Binance
Price context · BTC
At publication
$82,984.00
Now
$82,981.00
Change since
−0.00%
7 days · dashed line = publication
Sources · 2 publishers
AMBCrypto
Tier 2
Binance users add 6,217 more Bitcoin as Ethereum balances drop – Details
Coverage timeline
- First reported by BeInCrypto
- Confirmed by AMBCrypto
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
