cryptobriefing.com
Key Takeaways
- Binance’s proof of reserves shows surpluses in $BTC, $BNB, $XRP, and major stablecoins.
- ETH and SOL remain fully backed at 100%, reflecting a conservative reserve approach.
Binance revealed its October proof of reserves, showing it held over 100% of user deposits across all major assets, with several tokens maintained at a surplus. Bitcoin reserves alone include an excess of about 21,000 $BTC.
The exchange’s latest audit shows surpluses of 103% for Bitcoin, 112% for $BNB, and 102% for $XRP, along with 106% for USDT, 125% for FDUSD, and 148% for USDC, while Ethereum and Solana holdings remain fully backed at 100%.
Binance’s proof of reserves highlights the importance it places on maintaining surplus backing for Bitcoin, $BNB, $XRP, and major stablecoins, while Ethereum and Solana holdings are conservatively maintained at exact 1:1 coverage.