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Binance has released its 38th Proof of Reserves report, sharing the current status of user assets on its platform. According to the report, users’ Bitcoin holdings have been verified at approximately 618,000 BTC.
According to data released by the company, BTC reserves increased by 8,607 BTC, or 1.41%, compared to the previous report. On-chain wallet balances stood at 636,914 BTC, with 618,696 BTC held directly in exchange wallets and 18,218 BTC held in third-party custody services. Thus, the BTC coverage ratio remained at 100.06%, maintaining its fully collateralized appearance.
On the Ethereum side, user holdings reached 4.17 million ETH, an increase of 328,666 ETH, or 8.55%. Stablecoin reserves also continued to grow; user USDT balances reached approximately 38.2 billion USDT, registering an expansion of approximately 1.06 billion USDT, an increase of 2.86%. The USDT coverage ratio was 101.69%.
The report also included detailed information on BNB, SOL, XRP, USDC, and other asset classes. Some key findings are as follows:
- BNB: 43.56 million in exchange balance, 712,000 in third-party custody; coverage ratio 100.87%.
- SOL: 26.24 million in exchange balances, 216 thousand in third-party custody; ratio 100%.
- XRP: 2.45 billion in exchange balance, 143 million in third-party custody; ratio 100.77%.
- USDC: $7.58 billion in exchange balance, $50 million in third-party custody; ratio 101.49%.
*This is not investment advice.