Binance Publishes 30th Proof of Reserves Report, Highlights Bitcoin and Altcoin Holdings

today / 08:02

Binance has released its 30th monthly Proof of Reserves (PoR) report, revealing snapshots of user and exchange asset reserves as of May 1. The report shows a 1.35% month-on-month decline in user-held Bitcoin (BTC), which stands at 604,411 BTC, while Binance maintains a BTC reserve ratio of 102.06%. Ethereum (ETH) user assets decreased by 3.36% to 5.28 million ETH, with a reserve ratio of 100.16%. User balances for Tether (USDT) rose 2.61% to $29.05 billion, and its reserve ratio is 102.07%.

Other key coins have reserve ratios above 100%, including BNB (112.45%), XRP (102.99%), DOGE (111.32%), POL (106.33%), DOT (104.82%), LTC (109.02%), NEAR (103.47%), and more. The PoR mechanism employs Merkle tree cryptographic proofs to ensure transparency of userbalances, exchange holdings, and third-party custodianship.

Binance asserts this regular reporting underscores its commitment to user asset protection and transparency in the exchange's operations.

BTC Bitcoin $102042.30 +5.79%
The positive reserve report and excess reserves suggest user assets are safe, potentially increasing trust and trading volume. This could support bullish momentum, especially short-term.
ETH Ethereum $2146.63 +19.76%
ETH holdings remain overcollateralized; the transparency should bolster trader confidence. Despite a decrease in holdings, no immediate negative pressure is expected; short-term neutral-to-positive.
BNB BNB $623.00 +4.18%
Strong overcollateralization (112.45%) and platform commitment to transparency are likely to enhance confidence in BNB, supporting its price in both short- and long-term.
XRP XRP $2.29 +8.34%
With a 102.99% reserve ratio, the news eases fears about user asset security, leading to short-term stability and potentially increased trading activity for XRP.
DOGE Dogecoin $0.19 +13.45%
A 111.32% reserve ratio boosts user trust; positive sentiment could drive short-term demand and trading, supporting DOGE price stability or modest growth.
POL POL (prev. MATIC) $0.25 +16.72%
The 106.33% reserve ratio reassures users, enhancing confidence. Given Binance's large influence, this may lead to short-term positive price dynamics.
DOT Polkadot $4.37 +12.29%
Robust reserve coverage (104.82%) reinforces asset security. Positive impact on user confidence may result in increased DOT adoption and trading activity, supporting price.
LTC Litecoin $93.35 +5.83%
Reserve ratio of 109.02% strengthens user confidence, likely reducing risk premium. This transparency supports sustained LTC trading and price stability.
NEAR NEAR Protocol $2.65 +18.27%
With 103.47% coverage, NEAR's position on Binance appears secure. This may improve user sentiment and promote positive price action in the short term.
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