Binance Users Are Selling ETH and Buying BTC, Latest PoR Report Shows

Binance’s 33rd Proof of Reserves (PoR) , 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.

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.

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.

Just a few months back, traders were doing the exact opposite—

These shifts in customer holdings are happening while Binance maintains its dominant, though complex, position in the global crypto market.

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%.

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