Ethereum holdings on the platform moved in the opposite direction: user ETH balances fell 1.32% to 4.04 million ETH, a decline of about 54,257 ETH compared with the start of November. Meanwhile, Tether (USDT) showed a small pullback, with user USDT holdings slipping 1.24% to 34.3 billion USDT, down roughly 430 million USDT month-over-month.
Those changes follow November’s snapshot, which reported smaller BTC balances and slightly higher ETH and USDT figures; Binance’s month-to-month disclosures make clear how user custody balances can shift with market flows and trading activity across the exchange.
Binance’s Proof of Reserves initiative is meant to give users verifiable evidence that assets held in custody match customer liabilities, using mechanisms such as Merkle trees and downloadable address lists so individuals and auditors can check holdings against reported totals. The exchange continues to publish these snapshots as part of its transparency commitments to customers and the wider market.
For users and observers, the latest snapshot is another data point to track liquidity and asset flows on one of the world’s largest exchanges; small percentage moves in huge pools can represent very large amounts of value, and Binance’s regular disclosures help paint a clearer picture of where that value is resting.