Key facts
- Binance's XRP reserves have decreased to 2.69 billion XRP.
- This marks a four-month low for the exchange's XRP holdings.
- Around 110 million XRP have been withdrawn from Binance since May.
- The reduction in reserves lowers the available supply on the exchange.
Binance, a major cryptocurrency exchange, has seen its reserves of XRP fall to their lowest level in four months. The exchange now holds 2.69 billion XRP, a decrease attributed to approximately 110 million XRP being withdrawn since May. This reduction in available XRP on the platform could potentially lessen selling pressure in the market.