Binance Releases Latest Proof of Reserve Report for Bitcoin and 29 Altcoins

Binance, the world's largest cryptocurrency exchange by trading volume, published its August 2023 reserve report, revealing the amount of digital assets it holds under its watch and the ratio of its reserves to customer net balances.

According to the report, Binance has more than enough reserves to cover all customer deposits in all supported cryptocurrencies. The reserve ratio is calculated by dividing the Binance net balance (the amount of coins Binance holds) by the customer net balance (the amount of coins customers have deposited with Binance).

A reserve ratio of 100% means Binance has exactly the same amount of coins as its customers, while a reserve ratio of over 100% means Binance has more coins than its customers.

Here are the amounts of Bitcoin and altcoins that the company published in its report:

BTC

• Rate: 105.61%
• Customer Net Balances: 588,622,989
• Binance Net Balances: 621,631,928

ETH

• Rate: 102.71%
• Customer Net Balances: 4,068,826,253
• Binance Net Balances: 4,179,054,896

BNB

• Rate: 113.85%
• Customer Net Balances: 29,282,440,447
• Binance Net Balances: 33,339,317.22

USDT

• Rate: 117.99%
• Customer Net Balances: 15.280.149.773,177
• Binance Net Balances: 18,028,511,181,839

BUSD

• Rate: 117.90%
• Customer Net Balances: 1,838,334,069,651
• Binance Net Balances: 2.167.374.260.094

USDC

• Rate: 101.62%
• Customer Net Balances: 829,610,613,236
• Binance Net Balances: 843,044,142,792

LTC

• Rate: 100.94%
• Customer Net Balances: 6,417,755,433
• Binance Net Balances: 6,477,909,211

XRP

• Rate: 103.50%
• Customer Net Balances: 2,711,777,813,604
• Binance Net Balances: 2,806,681,733,985

LEFT

• Rate: 102.25%
• Customer Net Balances: 31,538,449,144
• Binance Net Balances: 32.248.04,153

LINK

• Rate: 103.95%
• Customer Net Balances: 54,798,237,068
• Binance Net Balances: 56,963,125,783

1INCH

• Rate: 101.49%
• Customer Net Balances: 142,613,307,232
• Binance Net Balances: 144.740.551.24

APT

• Rate: 102.26%
• Customer Net Balances: 15,623,924.98
• Binance Net Balances: 15,977,499,103

ARB

• Rate: 100.70%
• Customer Net Balances: 277,310,069,175
• Binance Net Balances: 279,258,969,039

CHR

• Rate: 106.26%
• Customer Net Balances: 340,058,734,821
• Binance Net Balances: 361,350,169.96

CHZ

• Rate: 120.74%
• Customer Net Balances: 3.493.438.214,334
• Binance Net Balances: 4,217,967,855,239

CRV

• Rate: 102.87%
• Customer Net Balances: 84,853,104,499
• Binance Net Balances: 87,289,605,669

CVP

• Rate: 101.00%
• Customer Net Balances: 117,309,034,132
• Binance Net Balances: 118,486,375,675

DOGE

• Rate: 100.15%
• Customer Net Balances: 12.672.916.031.1
• Binance Net Balances: 12,691,528,460,191

DOT

• Rate: 105.93%
• Customer Net Balances: 108,158,545,646
• Binance Net Balances: 114,571,807,742

ENJ

• Rate: 104.70%
• Customer Net Balances: 160,572,480,396
• Binance Net Balances: 168,115,142,887

GRT

• Rate: 102.67%
• Customer Net Balances: 759,733,574.96
• Binance Net Balances: 780.006.309,829

HFT

• Rate: 103.65%
• Customer Net Balances: 66,075,495,164
• Binance Net Balances: 68,487,998,786

MASK

• Rate: 103.06%
• Customer Net Balances: 14,170,334,918
• Binance Net Balances: 14,603,923,504

MATIC

• Rate: 119.87%
• Customer Net Balances: 841.878.840.83
• Binance Net Balances: 1,009,184,461,481

KISS

• Rate: 101.91%
• Customer Net Balances: 109,377,418,544
• Binance Net Balances: 111,469,100.93

SHIB

• Rate: 102.93%
• Customer Net Balances: 76.888.513.069.601.97
• Binance Net Balances: 79,142,562,547,679.83

SSV

• Rate: 101.66%
• Customer Net Balances: 3,785,778,821
• Binance Net Balances: 3,848,603,81

TUSD

• Rate: 119.75%
• Customer Net Balances: 1,966,702,656,917
• Binance Net Balances: 2,355,065,790,531

UNI

• Rate: 101.93%
• Customer Net Balances: 24,490,930,91
• Binance Net Balances: 24,963,485,894

WRX

• Rate: 102.16%
• Customer Net Balances: 250.145.023,274
• Binance Net Balances: 255,544,303,502

*Not investment advice.