Binance holds $165B in crypto reserves, nearly 69% of total across major exchanges
- —Binance reserves rose from $154.3 billion in September to about $165 billion in early October
- —Bitcoin makes up 34% of reserves, followed by USDT at 19%, BNB at 16.5% and WBETH at about 5%
- —Combined reserves across the eight exchanges grew $18.33 billion, mostly on price appreciation
- —Binance proof-of-reserves ratios: BTC 100.35%, ETH 100%, USDT 103.88%
Why it matters: With nearly 69% of tracked reserves at one venue, a large share of market liquidity runs through a single company — a concentration risk worth watching.
Source: Crypto Briefing