Binance Releases Its 30th Reserve Proof Report – Here Are the Exchange’s Bitcoin and Altcoin Holdings

Binance has released its 30th monthly Proof of Reserves (PoR) report, showing asset holdings as of May 1. Here Are the Changes to Binance’s Reserves on Critical Assets Bitcoin (BTC): User assets fell by 1.35% month-on-month to 604,411 BTC. Binance maintained a BTC reserve ratio of 102.06%, indicating excess reserves. Ethereum (ETH): ETH holdings were reported at 5.28 million ETH, a decrease of 3.36%. The reserve ratio stood at 100.16%. Tether (USDT): User USDT balances increased by 2.61% to $29.05 billion. The reserve ratio for USDT was recorded as 102.07%. However, the world’s largest cryptocurrency exchange listed the ratio of its own assets to customer assets in other assets as follows: BTC -102.06% ETH- 100.16% USDT – 102.07% BNB – 112.45% LEFT – 100.01% FDUSD – 107.84% XRP- 102.99% USDC – 152.19% TUSD – 100.38% DOGE – 111.32% POL- 106.33% DOT- 104.82% LINK- 100.24% SHIB – 100.60% ARB – 100.21% LTC – 109.02% OP – 100.43% CHZ – 102.27% UNI – 100.37% APT – 100.70% GRT – 101.44% SSV – 100.03% CHR- 100.22% ENJ – 100.06% 1INCH – 100.01% CRV – 100.23% MASK – 100.65% HFT – 100.33% BUSD – 206.04% BOME – 100.00% HBAR- 100.21% NEAR – 103.47% PEPE – 100.49% S- 101.13% SUI – 101.10% TRUMP – 100.92% WIF -100.46% Binance claims that its Proof of Reserves mechanism, verified by Merkle tree cryptographic proofs, provides transparent data on user balances, Binance assets, and third-party custody assets. *This is not investment advice. Source: https://en.bitcoinsistemi.com/binance-releases-its-30th-reserve-proof-report-here-are-the-exchanges-bitcoin-and-altcoin-holdings/