Binance has released its 30th monthly Proof of Reserves (PoR) report, showing asset holdings as of May 1.
Here Are the Changes to Binance's Reserves on Critical Assets
Bitcoin (BTC):
User assets fell by 1.35% month-on-month to 604,411 BTC. Binance maintained a BTC reserve ratio of 102.06%, indicating excess reserves.
Ethereum (ETH):
ETH holdings were reported at 5.28 million ETH, a decrease of 3.36%. The reserve ratio stood at 100.16%.
Tether (USDT):
User USDT balances increased by 2.61% to $29.05 billion. The reserve ratio for USDT was recorded as 102.07%.
However, the world's largest cryptocurrency exchange listed the ratio of its own assets to customer assets in other assets as follows:
BTC -102.06%
ETH- 100.16%
USDT – 102.07%
BNB – 112.45%
LEFT – 100.01%
FDUSD – 107.84%
XRP- 102.99%
USDC – 152.19%
TUSD – 100.38%
DOGE – 111.32%
POL- 106.33%
DOT- 104.82%
LINK- 100.24%
SHIB – 100.60%
ARB – 100.21%
LTC – 109.02%
OP – 100.43%
CHZ – 102.27%
UNI – 100.37%
APT – 100.70%
GRT – 101.44%
SSV – 100.03%
CHR- 100.22%
ENJ – 100.06%
1INCH – 100.01%
CRV – 100.23%
MASK – 100.65%
HFT – 100.33%
BUSD – 206.04%
BOME – 100.00%
HBAR- 100.21%
NEAR – 103.47%
PEPE – 100.49%
S- 101.13%
SUI – 101.10%
TRUMP – 100.92%
WIF -100.46%
Binance claims that its Proof of Reserves mechanism, verified by Merkle tree cryptographic proofs, provides transparent data on user balances, Binance assets, and third-party custody assets.