Binance Publishes 30th Proof-of-Reserves Report
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 alonetotaling over 616,000 BTCrepresent 102.06% of all user BTC balances, while Ethereum (ETH) sits at a ratio of 100.16%.
Data Snapshot Underscores Reserves After Industry Scrutiny
Binances PoR report is based on customer net balances compared against Binances on-chain holdings, broken down by exchange-held funds and third-party custody wallets. The figures indicate Binances 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 FTXs implosion. Since then, the platform has emphasized transparency as a core principle.
The May 2025 report marks a milestone in that ongoing effortboth by reinforcing confidence in Binances reserve status and by demonstrating the use of real-time verifiable on-chain data.
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