Binance shared a surprising data point for the ecosystem
According to the latest proof of reserves (PoR) report, the platform holds 616,886 BTC, exceeding the net balance of its users by more than 12,000.
Binance has achieved a significant milestone by maintaining a Bitcoin (BTC) reserve ratio above 100% for 30 consecutive months.
According to the latest proof of reserves (Proof of Reserves, PoR) report, the platform holds 616,886 BTC, exceeding the net balance of its users by more than 12,000 BTC, which amounts to 604,410 BTC, representing a reserve ratio of 102%.
✏️📚Details of the reserves and their distribution.📚▫️🔸▫️🔸▫️🔸▫️
Of the 616,886 BTC in reserves, 603,374 are in on-chain wallets of Binance, while 13,512 BTC are held by third parties on the Binance Smart Chain in the form of BTCB, a token backed by Bitcoin.
Additionally, Binance holds strong reserves in other key cryptocurrencies. For example, its reserves of Ethereum (ETH) exceed 102%, with over 5 million ETH under custody, and Tether (USDT) reaches 108%, with more than 29.6 billion USDT, which strengthens the liquidity and the platform's ability to handle large trading volumes and withdrawals.