Binance Publishes Proof-of-Reserves Report for the 30th Time

The report confirms that the exchange holds over 58 billion dollars in Bitcoin and over 82 billion dollars in other cryptocurrencies, reinforcing the liquidity and commitment to transparency of users’ funds. This frequent disclosure occurs against a backdrop of increasing demand for accountability in the cryptocurrency industry, a trend driven by the collapse of FTX at the end of 2022. Customer balances are fully supported — and more. The latest PoR audit shows that Binance maintains full collateral on all major listed assets. In many cases, the exchange holds more cryptocurrencies than the amount users have deposited. The Collateralization Ratio Exceeding Notable Levels Includes: 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 alone—totaling over 616,000 BTC—accounts for 102.06% of the total BTC balance of users, while Ethereum ( ETH ) accounts for 100.16%. Data Summary Highlights Reserves After Thorough Industry Review Binance’s PoR report is based on the net balance of customers compared to the amount held on-chain by Binance, broken down by the funds held by the exchange and third-party custody wallets. The figures show that Binance’s total reserves exceed users’ liabilities across all tracked assets, signaling continued healthy operations. For example, in the case of USDC, Binance holds nearly 8.6 billion dollars, compared to the net customer balance of about 5.7 billion dollars, resulting in a surplus of more than 2.9 billion dollars. Trust Through Transparency Binance began publishing monthly proof of reserves reports following the industry-wide shift caused by the collapse of FTX. Since then, the platform has emphasized transparency as a core principle. The May 2025 report marks a milestone in the ongoing effort—by reinforcing confidence in Binance’s reserve status and demonstrating the use of verifiable on-chain data in real-time.