Binance Publishes 30th Proof-of-Reserves Report

The report confirms the exchange holds more than $58 billion in Bitcoin and over $82 billion in other cryptocurrencies, reinforcing its solvency and commitment to user fund transparency.This regular disclosure comes amid continued demand for greater accountability in the crypto industry, a trend accelerated by the collapse of FTX in late 2022.Customer Balances Fully Backed — and Then SomeThe latest PoR audit shows that Binance maintains full collateralization across all major listed assets. In many cases, the exchange holds more crypto than its users have deposited.Notable over-collateralization ratios include:USDC: 152.19%BNB: 112.45%DOGE: 111.32%FDUSD: 107.84%POL: 106.33%DOT: 104.82%BTC: 102.06%USDT: 102.07%XRP: 102.99% .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: The Senate Is Set to Cast Its First Vote on Crypto Regulation This Thursday The Bitcoin holdings alone—totaling over 616,000 BTC—represent 102.06% of all user BTC balances, while Ethereum (ETH) sits at a ratio of 100.16%.Data Snapshot Underscores Reserves After Industry ScrutinyBinance’s PoR report is based on customer net balances compared against Binance’s on-chain holdings, broken down by exchange-held funds and third-party custody wallets. The figures indicate Binance’s total reserves exceed user liabilities across all tracked assets, signaling continued operational soundness.For example, in the case of USDC, Binance holds nearly $8.6 billion, compared to customer net balances of around $5.7 billion, resulting in a surplus of over $2.9 billion.Trust Through TransparencyBinance began publishing monthly proof-of-reserves reports following the industry-wide shakeout triggered by FTX’s implosion. Since then, the platform has emphasized transparency as a core principle.The May 2025 report marks a milestone in that ongoing effort—both by reinforcing confidence in Binance’s reserve status and by demonstrating the use of real-time verifiable on-chain data.The post Binance Publishes 30th Proof-of-Reserves Report appeared first on Coindoo.