Binance, the world’s largest cryptocurrency exchange by trading volume, has officially maintained a Bitcoin reserve ratio above 100% for 30 consecutive months, reinforcing its long-standing commitment to transparency and financial stability.
Verified Reserves at 102% in Latest Snapshot
In its most recent proof-of-reserve (PoR) update, captured at Bitcoin block height 894,668, Binance reported holding 616,886 BTC against 604,410 BTC in customer liabilities—translating to a healthy reserve ratio of 102%.
The exchange has consistently published monthly PoR attestations since late 2022, following the collapse of FTX. This proactive move toward transparency was designed to reassure users and investors of the platform’s solvency. These attestations have been verified by on-chain analysts and third-party auditors, including global firm Mazars.
Proof-of-Reserve Built on Trust
CryptoQuant analyst Maartun, who reviewed the latest data, highlighted Binance’s consistency:
“Since publishing their first Proof-of-Reserve report in late 2022, Binance has consistently maintained a reserve ratio above 100%,” he noted. “This shows strong asset backing and a firm commitment to transparency.”
Of the reported BTC holdings, 603,374 BTC are stored on-chain, while the remaining 13,512 BTC are custodied via wrapped BTCB tokens on the BNB Smart Chain.
Market Confidence Remains Strong
Despite occasional rumors and skepticism—such as the March 2025 speculation that Binance was offloading BTC for USDC—on-chain analytics and CryptoQuant data have repeatedly confirmed that the exchange’s figures align with blockchain records.
Previous audits, including a notable one in July 2024 by Mazars, verified that Binance held at least 101% of customer BTC deposits, further validating its Merkle tree-based PoR system.
Liquidity and Token Performance
Binance’s transparency isn’t limited to Bitcoin. Earlier this year, the exchange revealed that it held over $31 billion in stablecoin reserves, marking a nearly 5x increase from mid-2023—indicating strong liquidity and institutional inflow.
Meanwhile, the exchange’s native token, BNB, has shown steady growth. Trading just under $658 at press time, BNB is up 8.5% over the past week and has gained 11.4% over the last 30 days, despite slightly underperforming the broader crypto market.
