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Binance Publishes 30th Proof-of-Reserves Report
By: bitcoin ethereum news|2025/05/08 06:15:07
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Binance, the world’s largest cryptocurrency exchange by trading volume, released its 30th Proof-of-Reserves (PoR) report, providing a comprehensive snapshot of its asset holdings as of May 1, 2025. The report confirms the exchange holds more than $58 billion in Bitcoin and over $82 billion in other cryptocurrencies, reinforcing its solvency and commitment to user fund transparency. This regular disclosure comes amid continued demand for greater accountability in the crypto industry, a trend accelerated by the collapse of FTX in late 2022. Customer Balances Fully Backed — and Then Some The latest PoR audit shows that Binance maintains full collateralization across all major listed assets. In many cases, the exchange holds more crypto than its 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 Bitcoin holdings alone—totaling over 616,000 BTC—represent 102.06% of all user BTC balances, while Ethereum ( ETH ) sits at a ratio of 100.16%. Data Snapshot Underscores Reserves After Industry Scrutiny Binance’s PoR report is based on customer net balances compared against Binance’s on-chain holdings, broken down by exchange-held funds and third-party custody wallets. The figures indicate Binance’s total reserves exceed user liabilities across all tracked assets, signaling continued operational soundness. For example, in the case of USDC, Binance holds nearly $8.6 billion, compared to customer net balances of around $5.7 billion, resulting in a surplus of over $2.9 billion. Trust Through Transparency Binance began publishing monthly proof-of-reserves reports following the industry-wide shakeout triggered by FTX’s implosion. Since then, the platform has emphasized transparency as a core principle. The May 2025 report marks a milestone in that ongoing effort—both by reinforcing confidence in Binance’s reserve status and by demonstrating the use of real-time verifiable on-chain data. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/binance-publishes-30th-proof-of-reserves-report/
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