Since the collapse of FTX in late 2022, on-chain transparency has become an important measure of exchange health. Each month, Binance reveals its Proof-of-Reserve (PoR) data. On May 1, 2025, the latest snapshot was published. Let’s take a closer look.
Snapshot details:
- Date | 2025-05-01
- Block Height: 894,668
- Customer Net Balances: 604,410 BTC
- Binance Net Balance: 616,886 BTC
- Exchange Balance: 603,374 BTC
- Third-Party Custody: 13,512 BTC
- Reserve Ratio: 102%
Key Takeaways
- Maintain a Reserve Ratio above 102%, fully backing all customer funds (and then some).
- Hold 603,374 BTC on-chain; the remaining 13,512 BTCB (Bitcoin on BNB Smart Chain) resides in third-party custody.
- Use BTCB for the third-party portion, ensuring cross-chain liquidity.
- Verify that the exchange’s reported Bitcoin balance matches the on-chain snapshot at block height 894,668.
Conclusion
Since publishing their first Proof-of-Reserve report in late 2022, Binance has consistently maintained a reserve ratio above 100%. This shows a strong asset backing and ongoing commitment to transparency.
Written by maartunn
