Binance Proves Strong Backing: Over 100% Reserves for Major Cryptos
Binance has reaffirmed its financial transparency by releasing its latest Proof of Reserves report for May 2025, confirming that customer assets remain fully backed โ and in many cases, exceed the 100% threshold โ across major cryptocurrencies.
Bitcoin, Ethereum, USDT Surpass 1:1 Reserve Ratios
The report shows Binance holding 616,886 BTC, surpassing user balances of 604,886 BTC, resulting in a reserve ratio of 102.06%. Similarly, Tether (USDT) reserves stand at over 29.6 billion, outpacing user holdings by 600 million USDT with a 102.07% backing.
Ethereum holdings are also robust, with 5.29 million ETH, exceeding customer net balances by over 8,000 ETH. Other major tokens like Solana and Ripple (XRP) show similarly strong reserves, with XRP reserves at 102.99%, exceeding customer balances by 76 million XRP.
๐น Binance USD and USDC Reserves Far Exceed User Balances
Despite having phased out BUSD support following U.S. market changes in 2023, Binance still holds reserves over 206% of customer-held BUSD. Meanwhile, USDC reserves exceed user balances by more than 3 billion, standing at a 152.19% reserve ratio.
FDUSD (First Digital USD) holdings also remain strong, with a 107.84% backing, surpassing customer assets by over 82 million FDUSD.
๐ Strengthening Trust Through On-Chain Transparency
Proof of Reserves has become an industry benchmark since the fall of FTX, offering assurance that centralized exchanges are solvent and can honor all withdrawal requests. Binanceโs latest report reinforces its position as a leader in crypto transparency and financial stability.