On May 8, Binance released an update on its cryptocurrency reserves, revealing strong support for major digital assets. The exchange holds 102% of the Bitcoin (BTC) necessary to cover user deposits and a surplus of 206% for Binance USD (BUSD).

Reserve Surplus Creates a Safety Net for Withdrawals

The report details reserves for 37 assets, including 616,886 BTC, exceeding the 604,886 Bitcoin held by users. Other tokens like ETH, USDT, and SOL maintain their reserves on a 1:1 target. The surplus of cryptocurrency reserves also ensures the platform can meet withdrawal requests without needing to withdraw funds from the company.

This disclosure follows Binance's 30th monthly Proof-of-Reserves (PoR) report, recorded on May 1, which analyzes changes in customer balances. CoinMarketCap estimates the total amount of user funds on Binance at nearly $140 billion.

The exchange backs its figures with zero-knowledge proof and Merkle tree verification. This method allows users to verify their balances without revealing other people's data—companies are not included in the calculations to avoid double counting.

PoR reports have also become a favored transparency tool in the industry following the collapse of FTX in 2022.

At the time of the press report, Binance users held Bitcoin valued at $58 billion, down 1.35% from April, while 5.28 million ETH fell 3.36% to approximately $9.5 billion.

Additionally, the BNB balance decreased by 0.74% to 39.24 million, approximately $23 billion. At the same time, USDT deposits increased by 2.61% to $29.05 billion, indicating a shift to dollar-pegged tokens amid a turbulent market. Total non-Bitcoin assets reached nearly $82 billion.

Binance has issued monthly attestations since then, asserting that public on-chain proof fosters trust more effectively than private audits. Regulators continue to debate official reserve orders, but Binance currently provides one of the longest uninterrupted datasets in the industry.

How is Binance Shaping the Future of Blockchain in Central Asia?

After demonstrating financial stability through reserves, Binance expands its influence beyond daily trading. The company seeks to shape blockchain infrastructure in emerging markets, starting with partnerships in Central Asia.

This global exchange has partnered with Kyrgyzstan to build a nationwide cryptocurrency payment network and implement blockchain education programs.

Both parties signed a Memorandum of Understanding (MoU) on April 3. Binance Academy will collaborate with local universities and training centers to provide practical courses on blockchain and digital assets for the government, organizations, and the general public.

By training Kyrgyzstan professionals in Web3 technology, Binance aims to develop local talent to create a digital economy.

Binance will also implement payment infrastructure and receive funds, allowing merchants and users nationwide to transact using cryptocurrency.

The former CEO of Binance has also been appointed as an advisor to the National Cryptocurrency Council of Kyrgyzstan, highlighting Binance's commitment to advising the government on the legal framework.

Could Binance Pay Be the Future of Cryptocurrency Travel?

Trust in Binance has played a crucial role in the acceptance of this platform by regulators worldwide, paving the way for significant innovations in the financial sector.

The Binance Pay service of this platform continues to transform global commerce. The latest deployment comes from the Kingdom of Bhutan. Over 130,000 tourists are expected to visit Bhutan in 2025.

After the partnership, Bhutan will become the first country to adopt nationwide cryptocurrency payments for the tourism industry.

Visitors to Bhutan can now use their cryptocurrency balances for everything from airline tickets and hotel rooms to local shopping. Merchants are paid instantly for cryptocurrency transactions in local currency.

Previously, Binance Pay announced a partnership with xMoney, a leading European web3 payment solution provider, to expand cryptocurrency payments across Europe in an effort to become the leading cross-border financial service provider.