CandleFocus

Binance’s 25th Proof of Reserves shows a drop in BTC and a rise in ETH and USDT

Binance has released its 25th Proof of Reserves report, showcasing strong reserve ratios for Bitcoin, Ethereum, Tether, and Binance Coin. The report aims to provide transparency and build trust following the collapse of FTX. Binance's Bitcoin reserve ratio is at 108.21%, Ethereum at 102.68%, Tether at 108.96%, and Binance Coin at 105.54%. The report also reveals changes in asset holdings, with Bitcoin reserves decreasing, Ethereum reserves increasing, Tether reserves rising significantly, and Binance Coin holdings dropping. The regularized reports help assure the safety of user funds and demonstrate Binance's commitment to transparency.

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