Binance, one of the world’s largest cryptocurrency exchanges, released its 37th Proof of Reserves snapshot on December 1. The report offers a transparent view of user holdings across major digital assets.
Proof of Reserves is a report that shows the amount of crypto the exchange holds for its users compared with the amount on its balance sheet.
Bitcoin Holdings Rise While ETH and USDT Dip
The snapshot revealed that user Bitcoin holdings on Binance reached 617,620 BTC, up four percent from November 1, adding 23,768 BTC in just one month. This increase suggests that more users are storing Bitcoin on the platform, potentially seeing it as a safe haven amid market fluctuations. Bitcoin, the original cryptocurrency, is widely regarded as a long-term store of value.
A real world example of this trend can be seen during recent market dips, when many investors moved additional Bitcoin into exchanges to take advantage of lower prices and prepare for trading opportunities. The rise in Bitcoin holdings indicates confidence in the asset and ongoing demand from both retail and institutional participants.
Our December 2025 Proof of Reserves is now live.
The #Binance PoR system lets anyone independently verify that user assets are backed 1:1.
Review this month’s update here 👉 https://t.co/nspWeaiQDzpic.twitter.com/McrtJV1vTK
— Binance (@binance) December 7, 2025
In contrast, user Ethereum holdings on Binance fell 1.32 percent to 4.04 million ETH, a decrease of 54,257 ETH. Meanwhile, USDT holdings slipped 1.24% to 34.3 billion USDT, a reduction of 430 million USDT. These minor declines may reflect shifting investor strategies. As some users convert stablecoins or Ethereum into Bitcoin or other assets, or withdraw funds for staking and other investment purposes.
Binance released its 37th Proof of Reserves snapshot (Dec. 1). User BTC holdings reached 617,620 BTC, up 4% from Nov. 1 (+23,768 BTC). User ETH holdings fell 1.32% to 4.04 million ETH (-54,257 ETH). User USDT holdings slipped 1.24% to 34.3 billion USDT (-430 million USDT).… pic.twitter.com/omjgZ2wzbd
— Wu Blockchain (@WuBlockchain) December 7, 2025
Binance’s continued commitment to publishing regular Proof of Reserves snapshots demonstrates the exchange’s focus on transparency and user confidence. Investors can see exactly how much of each cryptocurrency is held and how balances change over time. By offering clear data, Binance provides users with an additional layer of trust in a market often criticized for opacity.
More About Binance
Binance announced that RWUSD is now a reward-bearing asset that can be used as futures margin. Alongside BFUSD, which earns funding fees and staking rewards, and LDUSDT. It provides real-time APR through Simple Earn Flexible Products.
RWUSD is now a reward-bearing asset for futures margin!
Here’s a list of reward-bearing assets which can be used as futures margin
🔸 BFUSD: Earn funding fees and staking rewards
🔸 LDUSDT: Get real-time APR via Simple Earn Flexible Products
🔸 RWUSD: Earn APR from Binance’s… pic.twitter.com/w0CaNhx7Tq— Binance (@binance) December 7, 2025
RWUSD allows traders to earn APR derived from Binance’s ecosystem income and real-world assets, while using it as collateral for futures trading. This feature is already live on the web platform and is gradually rolling out on the Binance app, giving users more ways to maximize rewards while trading.