Binance Sustains More Than 100% Bitcoin Reserve Ratio for Two and a Half Years Consecutively

Binance, the leading global crypto exchange, has upheld a reserve ratio exceeding 100% for a continuous 30 months. The current snapshot shows the company holding 616,886 BTC, backing customer net balances of 604,410 BTC, translating to a reserve ratio of 102%.

This initiative started as a reaction to the FTX collapse in 2022 and aims to promote transparency. The on-chain experts and third-party auditors like Mazars have verified the monthly attestations. The majority of the BTC is held on-chain, with a smaller portion in third-party custody on the BNB Smart Chain.

Independent audits have further confirmed Binance's transparency, and the company's steady reserve record has helped maintain market trust.