Binance, one of the world’s largest cryptocurrency exchanges, has updated its Proof of Reserves (PoR) page, once again sharing the reserve status of user assets.
The exchange stated 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.
Apart from Bitcoin, the report includes $USDT, Ethereum, $BNB, Solana, $USDC, $USD1, WLFI, BCH, WLD, DOT, ENA, TRUMP, POL, Arbitrum (ARB), FORM, PENDLE, Aptos (APT), CRV, Optimisim (OP), CHZ, S, WIF, BOME, GRT, TUSD, 1INCH, ENJ, SSV, MASK, CHR, BUSD and HFT were included.
According to the report, the stock exchange’s reserve ratios remained above 100% for all major assets.
“$BTC rate: 100.25%
$ETH rate: 100.25%
$USDT rate: 103.62%
$BNB rate: 100.82%
SOL rate: 100.00%
$USDC rate: 107.64%
$USD1 rate: 112.80%
XRP rate: 100.84%”
According to the latest report, 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.
Lastly, looking at users’ Ethereum holdings, a 2.3% decrease was observed, falling to approximately 3.9 million $ETH.
*This is not investment advice.