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. En fait, 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 worth $9.62 billion using bitcoin’s exchange rate on Nov. 20, 2022.

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Binance Holds Close to 600,000 Bitcoin Today or Roughly 2.77% Suggestions de sondages récents 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 proof-of-reserves lately and exchanges have been sharing crypto addresses to prove they hold specific assets.

Following the FTX collapse, Binance’s CEO Changpeng Zhao (CZ) told the public 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 [proof-of-reserves]” with plans to share them with the “community in the next few weeks.”

Binance’s Bitcoin Reserve Stash Nears 600,000, Company's BTC Cache Is Now the Largest Held by an Exchange
Binance bitcoin (BTC) reserves on Nov. 19, 2022, according to cryptoquant.com.

The analytics firm Nansen also published a dashboard that includes digital currency exchange reserves from Deribit, Crypto.com, d'accord, Kucoin, et Binance. UN snapshot from archive.org indicates that Binance’s reserve status on Nov. 11, 2022, a été $26.71 milliard. Nine days later, Nansen’s Binance reserves dashboard indicates the firm now holds crypto assets worth $65.69 milliard.

Binance’s Bitcoin Reserve Stash Nears 600,000, Company's BTC Cache Is Now the Largest Held by an Exchange
Binance bitcoin (BTC) reserves on Nov. 20, 2022, according to coinglass.com.

Il y a six jours, Actualités Bitcoin-Tidings.com signalé on the fact that data had shown between Nov. 7 through Nov. 14, 2022, plus que $5 milliards en BTC et ETH was removed from exchanges. Statistiques from cryptoquant.com shows Binance held approximately 526,128 BTC en novembre. 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. On Nov. 18, blockchain parsers, and more specifically btcparser3, had shown Binance was moving a lot of BTC from cold and hot wallets.

Binance’s Bitcoin Reserve Stash Nears 600,000, Company's BTC Cache Is Now the Largest Held by an Exchange
Btcparser3 caught some significant movement two days ago from Binance wallets on Nov. 18, 2022.

en outre, Binance’s bitcoin (BTC) reserves stash, at least according to cryptoquant.com statistics, is sitting at an all-time high. On Nov. 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% de BTC’s 21 million total supply.

Coinglass.com’s bitcoin exchange balance Suggestions de sondages récents shows Binance holds 572,332.34 en novembre. 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 en novembre. 19, 2022. Coinglass.com’s bitcoin exchange balance data shows Coinbase Pro holds 529,544.83 BTC on Sunday, nov. 20, 2022.

Tags dans cette histoire
2.77%, 21 million, 600Bitcoin, Binance, Binance Bitcoin, Binance BTC, Binance Reserves, Bitcoin (BTC), bitcoin reserves, Blockchain Parsers, BTC, Cache BTC, BTC Reserves, Réserve BTC, Btcparser3, Coinbase Pro, coinglass.com, Crypto.com, cryptoquant.com, il va rire, KuCoin, Nansen, d'accord, Proof of Reserves

What do you think about Binance’s bitcoin reserve status growing close to 600K bitcoin this weekend? Faites-nous savoir ce que vous pensez de ce sujet dans la section commentaires ci-dessous.

Jamie Redman

Jamie Redman est le responsable de l'information chez Bitcoin-Tidings.com News et un journaliste spécialisé dans les technologies financières vivant en Floride. Redman est un membre actif de la communauté des crypto-monnaies depuis 2011. Il a une passion pour Bitcoin, code open-source, et applications décentralisées. Depuis septembre 2015, Redman a écrit plus de 6,000 articles pour Bitcoin-Tidings.com Actualités sur les protocoles perturbateurs qui émergent aujourd'hui.




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