Binance October Reserves Confirm Full Backing as Users Shift Millions Into Bitcoin

Binance's October reserve report shows customer deposits remain fully collateralized, with its Bitcoin reserve ratio reaching 100.35% and Ethereum at 100.00%. Total customer Bitcoin holdings rose by 0.91% to 688,573 BTC after users added 6,217.116 BTC, worth roughly $537 million, compared to September. In contrast, users reduced their Ethereum holdings by 183,602.205 ETH, a 4.61% decline valued at about $499 million. The portfolio shift occurred alongside strong institutional demand, with US spot Bitcoin ETFs securing $3.08 billion in net inflows across nine sessions and spot Ethereum ETFs taking in $850.8 million over seven days.