Binance Publishes 30th Proof-of-Reserves Report
The report confirms that the exchange holds over $58 billion in Bitcoin and more than $82 billion in other cryptocurrencies, reinforcing its solvency and commitment to user fund transparency.
This regular disclosure comes amid rising demand for accountability in the cryptocurrency industry, a trend driven by the collapse of FTX in late 2022.
Customer balances are fully backed — and then some
The latest PoR audit shows that Binance maintains full collateral on all major listed assets. In many cases, the exchange holds more cryptocurrency than the amount users have deposited.
Notable Over-Collateralization Ratios Include:
USDC : 152.19%
BNB : 112.45%
DOGE : 111.32%
FDUSD: 107.84%
POL : 106.33%
DOT : 104.82%
BTC : 102.06%
USDT : 102.07%
XRP : 102.99%
The amount of Bitcoin held—totaling over 616,000 BTC—accounts for 102.06% of the total user BTC balance, while Ethereum (ETH) accounts for 100.16%.
Data Summary Emphasizes Reserves After Thorough Industry Review
Binance's PoR report is based on net customer balances compared to the on-chain holdings of Binance, broken down by the funds held by the exchange and third-party custodial wallets. The figures show that Binance's total reserves exceed user liabilities across all tracked assets, signaling ongoing healthy operations.