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Binance has released its 30th monthly Proof of Reserves (PoR) report, showing asset holdings as of May 1.
Here Are the Changes to Binance’s Reserves on Critical Assets
Bitcoin (BTC):
User assets fell by 1.35% month-on-month to 604,411 BTC. Binance maintained a BTC reserve ratio of 102.06%, indicating excess reserves.
Ethereum (ETH):
ETH holdings were reported at 5.28 million ETH, a decrease of 3.36%. The reserve ratio stood at 100.16%.
Tether (USDT):
User USDT balances increased by 2.61% to $29.05 billion. The reserve ratio for USDT was recorded as 102.07%.
However, the world’s largest cryptocurrency exchange listed the ratio of its own assets to customer assets in other assets as follows:
- BTC -102.06%
- ETH- 100.16%
- USDT – 102.07%
- BNB – 112.45%
- LEFT – 100.01%
- FDUSD – 107.84%
- XRP- 102.99%
- USDC – 152.19%
- TUSD – 100.38%
- DOGE – 111.32%
- POL- 106.33%
- DOT- 104.82%
- LINK- 100.24%
- SHIB – 100.60%
- ARB – 100.21%
- LTC – 109.02%
- OP – 100.43%
- CHZ – 102.27%
- UNI – 100.37%
- APT – 100.70%
- GRT – 101.44%
- SSV – 100.03%
- CHR- 100.22%
- ENJ – 100.06%
- 1INCH – 100.01%
- CRV – 100.23%
- MASK – 100.65%
- HFT – 100.33%
- BUSD – 206.04%
- BOME – 100.00%
- HBAR- 100.21%
- NEAR – 103.47%
- PEPE – 100.49%
- S- 101.13%
- SUI – 101.10%
- TRUMP – 100.92%
- WIF -100.46%
Binance claims that its Proof of Reserves mechanism, verified by Merkle tree cryptographic proofs, provides transparent data on user balances, Binance assets, and third-party custody assets.
*This is not investment advice.
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