- Binance has released its May 2025 proof of reserves report, confirming that it maintains over 100% backed assets for major tokens like Bitcoin, Ethereum, XRP, and USDC.
- The exchange’s commitment to transparency ensures customer assets are fully secured.
Binance Latest Proof of Reserves: A Transparency Milestone
Binance, the world’s largest cryptocurrency exchange, has published its updated monthly proof of reserves report for May 2025. The report demonstrates that the platform maintains over 100% backed assets for major tokens, including Bitcoin (BTC), Ethereum (ETH), USDT, and XRP. This transparency measure is part of Binance’s ongoing efforts to assure users of its strong financial health.
Key Highlights of the Report
- Bitcoin Reserves: Binance holds 616,886.378 BTC, exceeding customer net assets of 604,886.378 BTC, reflecting a 102.06% backing ratio.
- Ethereum Reserves: The exchange possesses 5,289,954 ETH, maintaining a surplus of over 8,000 ETH, equivalent to a 100.15% backing ratio.
- XRP Reserves: Binance’s XRP reserves maintain a 102.99% ratio, with 2.6 billion XRP held, exceeding customer assets by 76 million XRP.
- Solana Reserves: Binance’s SOL holdings also surpass customer balances with a 0.01% surplus.
Strong Reserves for Stablecoins
- BUSD: Binance’s BUSD reserves are particularly robust, maintaining 206.04% of customer balances.
- USDC: The platform’s USDC reserves stand at 152.19%, with 8.6 billion USDC held against customer balances of 5.6 billion.
- FDUSD: The First Digital USD (FDUSD) reserves maintain a 107.84% ratio, holding 82 million more FDUSD than customer deposits.
Binance Commitment to Transparency
Binance’s proof of reserves initiative began in response to the FTX collapse, offering customers confidence that their assets are securely backed. By maintaining over 100% reserves for major assets, Binance continues to set a benchmark for transparency in the cryptocurrency exchange industry.
