Bitcoin (BTC) Binnge Binance Binance Binance reserves fell at $ 355 million last month, while customer balances grew by more than $ 4 billion, which put the two most online figures together, according to Exchange reservations recently published.
In the end of the end of the year, the greatest exchange of cryptography by negotiation volume, had 622,192 BTC through custody balances and third party exchanges. On February 1, that figure had been reduced to 618,563 BTC. The net balances of the clients, in contrast, grew from 575,296 BTC to 615,816 BTC, which means that the guarantee rate fell to 100% of 108%.
The balances of the USDT Stablecoin of Tether also fell, falling around $ 25 million as the clients’ balances increased $ 2.6 billion.
The reason for the change in the reserves is still clear, and Binance did not immediately respond to the request for comments of Coindesk.
The exchange could be reassessing funds to generate a return on investment instead of collateing too much, and it is worth noting that Binance remains in a healthy financial position. At current prices, it has $ 160 billion in 34 cryptographic assets that appear in the report, all of which remain in a 1: 1 or greater relationship against the user’s balances.
The exchanges began to publish reserves tests in response to the FTX collapse in November 2022. That was driven by a weak balance that includes ilequid altcoins, which eventually led to, in effect, a bank execution where the exchange could not comply with the User retreats.
The collapse of FTX stimulated a liquidation waterfall throughout the industry, with Bitcoin falling to a low cycle of $ 16,463. Since then he has recovered and is recently quoted at $ 97,373.
