Binance, the world's largest cryptocurrency exchange, has published its 39th Proof of Reserves (PoR) report for February 2026, demonstrating continued strong solvency across major digital assets. The report reveals that the exchange's reserve ratios for all primary assets remained above 100%, with Bitcoin (BTC) at 100.05%, Ethereum (ETH) at 100.00%, and Tether (USDT) at 105.09%.
Key reserve ratios highlighted in the report include: BNB at 101.14%, USD Coin (USDC) at 107.35%, First Digital USD (FDUSD) at 107.6%, and XRP at 101.01%. The report also noted high collateral ratios for other assets such as Polygon (POL) at 104.28%, Binance USD (BUSD) at 148.91%, FORM at 107.55%, and WLFI at 113.37%.
Beyond the major assets, the PoR document featured a wide array of cryptocurrencies including Solana (SOL), 1INCH, Curve DAO Token (CRV), MASK, Hashflow (HFT), Aave (AAVE), ASTER, Bitcoin Cash (BCH), BOOK OF MEME (BOME), Ethena (ENA), Hedera (HBAR), NEAR Protocol (NEAR), Pendle (PENDLE), Pepecoin (PEPE), RLUSD, S, Sui (SUI), TRUMP, U, USD1, USDE, and dogwifhat (WIF).
A notable finding from the report concerns Shiba Inu (SHIB). Binance's total SHIB reserves decreased from 53.27 trillion to 52.54 trillion tokens during February, representing a 1.38% drop. In absolute terms, this equates to an outflow of over 733 billion SHIB from the platform. The exchange maintained a coverage ratio for SHIB of 100.17%, with user balances and the exchange's own reserves decreasing almost identically, indicating the outflow was driven by client withdrawals rather than Binance selling its own holdings.
Despite this reduction, Binance remains a major holder of SHIB, controlling approximately 9% of the token's entire market supply. The report also noted that 33.79 billion SHIB held in third-party custodial storage remained unchanged, representing a protected reserve kept outside of hot wallets for enhanced security.
The practice of publishing Proof of Reserves gained significant traction across major cryptocurrency exchanges following the collapse of FTX, which was revealed to have used customer assets for high-risk investments.
