Binance’s Bitcoin Reserve Stash Nears 600,000, Company’s BTC Cache Is Now the Largest Held by an Exchange

While there’s been a lot of discussions concerning proof-of-reserves, self-custody, and the more than $5 billion in bitcoin and ethereum that left exchanges between Nov. 7 through Nov. 14, 2022, Binance’s bitcoin stash has grown significantly since Nov. 12. In der Tat, metrics from cryptoquant.com indicate that Binance’s bitcoin reserves reached an all-time high on Nov. 19, 2022, as the trading platform holds roughly 582,054 Bitcoin wert $9.62 billion using bitcoin’s exchange rate on Nov. 20, 2022.

Binance Holds Close to 600,000 Bitcoin Today or Roughly 2.77% des 21 Million Capped Supply

The centralized exchange (cex) Binance is the largest cryptocurrency exchange by trade volume, and the trading platform holds quite a bit of digital assets. There’s been a lot of discussions concerning Nachweis der Reserven lately and exchanges have been sharing crypto addresses to prove they hold specific assets.

Following the FTX collapse, Binance’s CEO Changpeng Zhao (CZ) der Öffentlichkeit gesagt that “Binance will start to do proof-of-reserves soon.” The exchange then provided hot and cold wallet addresses that week associated with Binance and the company further promised “Merkle tree [Nachweis der Reserven]” with plans to share them with the “community in the next few weeks.”

The analytics firm Nansen also published a dashboard that includes digital currency exchange reserves from Deribit, Crypto.com, OK, Kucoin, und Binance. EIN snapshot from archive.org indicates that Binance’s reserve status on Nov. 11, 2022, war $26.71 Milliarde. Nine days later, Nansen’s Binance reserves dashboard indicates the firm now holds crypto assets worth $65.69 Milliarde.

Vor sechs Tagen, Bitcoin-Tidings.com Nachrichten gemeldet on the fact that data had shown between Nov. 7 through Nov. 14, 2022, mehr als $5 Milliarden ein BTC und ETH was removed from exchanges. Statistiken from cryptoquant.com shows Binance held approximately 526,128 BTC on Nov. 6, 2022, and by Nov. 12, Binance’s BTC stash was down to 447,964. The firm’s BTC reserves dropped by 78,164 bitcoin in six days time. Am 11. 18, blockchain parsers, and more specifically btcparser3, had shown Binance was moving a lot of BTC from cold and hot wallets.

Außerdem, Binance’s bitcoin (BTC) reserves stash, at least according to cryptoquant.com statistics, is sitting at an all-time high. Am 11. 19, 2022, cryptoquant.com records show 582,511 bitcoin is reportedly stored on Binance. If cryptoquant.com’s data is correct, Binance commands 2.77% von BTC’s 21 million total supply.

Coinglass.com’s bitcoin exchange balance Daten shows Binance holds 572,332.34 on Nov. 20, 2022. The metrics from coinglass.com indicates that 127,224.90 was added to Binance’s bitcoin cache in the last seven days.

Binance’s exchange balance stats stemming from both cryptoquant.com and coinglass.com indicates that the exchange currently holds more BTC than Coinbase. Cryptoquant.com metrics show Coinbase Pro held 533,946 BTC on Nov. 19, 2022. Coinglass.com’s bitcoin exchange balance data shows Coinbase Pro holds 529,544.83 BTC on Sunday, November. 20, 2022.

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Jamie Redman

Jamie Redman ist der Nachrichtenleiter bei Bitcoin-Tidings.com News und ein in Florida lebender Journalist für Finanztechnologie. Redman ist seitdem ein aktives Mitglied der Kryptowährungs-Community 2011. Er hat eine Leidenschaft für Bitcoin, Open-Source-Code, und dezentrale Anwendungen. Seit September 2015, Redman hat mehr als geschrieben 6,000 Artikel für Bitcoin-Tidings.com Nachrichten über die disruptiven Protokolle, die heute auftauchen.

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