- Binance’s ETH reserves dropped 9.84%, marking the largest monthly decline among assets.
- BTC and USDT reserves rose, signaling strong demand and user inflows on Binance.
- Binance dominates global volume but lags in the U.S. with just 0.63% market share.
Binance’s 33rd Proof of Reserves (PoR) report, with data as of August 1, 2025, is already out and it shows a major shift in how its customers are holding their crypto. The numbers reveal a clear split in trader sentiment, with major moves out of Ethereum and into Bitcoin.
Nearly Half a Million Ethereum Exits Binance
The biggest change in the latest report was a 9.84% decrease in customer Ethereum (ETH) holdings. Between July 1 and August 1, a total of 496,984 ETH left the exchange.
This massive outflow could mean large-scale profit-taking, a change in trading strategies, or users simply moving their ETH to on-chain DeFi protocols.
Bitcoin and Stablecoin Holdings Grow
In sharp contrast to Ethereum, Binance’s Bitcoin (BTC) reserves grew by 2.99%, as customers added another 17,167 tokens during the same month. This suggests users on the platform are still focused on accumulating Bitcoin.
Stablecoin reserves also grew, with USDT holdings rising by 258 million tokens (a 0.87% gain), showing a strong demand for cash-equivalent assets on the exchange. Binance Coin (BNB) reserves saw a smaller increase of 0.38%, or 150,257 tokens.
Talk about a reversal. Just a few months back, traders were doing the exact opposite—selling Bitcoin to buy up Ethereum.
Binance’s Position in the Global Market
These shifts in customer holdings are happening while Binance maintains its dominant, though complex, position in the global crypto market.
According to data from research firm Kaiko earlier this year (February 15, 2024), Binance handled an impressive 53.14% of the total trading volume across 33 major global exchanges.
However, the story is completely different in the United States, where Binance Global is not a player. Its U.S. affiliate, Binance.US, accounts for just 0.63% of the trading volume in a market overwhelmingly controlled by Coinbase at 59.3%.
Think the net numbers tell the whole story? A previous CoinEdition report showed how whales were actually buying the Bitcoin that retail was selling.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
