Binance Updates Proof of Reserves: Reserve Ratios Exceed 100% for Major Assets

Binance, one of the world's largest cryptocurrency exchanges, has updated its Proof of Reserves (PoR) page.

The exchange claims that all user balances on the platform are backed at a 1:1 ratio and that the reserve ratio is above 100% for many assets.

The report includes several major assets such as Bitcoin, Ethereum, USDT, BNB, Solana, and XRP. According to the data, the stock exchange's reserve ratios remained above 100% for all major assets.

Notably, users' Bitcoin holdings increased by 2.7% compared to the previous report, reaching approximately 658,293 BTC, while their USDT holdings decreased by 2.4% to 34.1 billion USDT.