Binance released its May 2025 Proof of Reserves report, reaffirming that the exchange maintains full collateralization, holding more than 100% of customer assets across major cryptocurrencies such as Bitcoin, Tether (USDT), and Ethereum.
Published on May 8, the latest update includes detailed reserve data spanning 37 digital assets. Among the highlights, Binance currently holds 616,886.378 BTC, equating to 102.06% of users’ total Bitcoin balances, which stand at 604,886.378 BTC.
Similarly, the exchange’s Tether reserves remain robust, with over 29.6 billion USDT under custody, about 600 million more than customers collectively hold. This puts Binance’s USDT collateralization ratio at 102.07%, underscoring its commitment to maintaining reserves well above the required minimum.
Furthermore, Binance’s holdings in Ethereum (ETH), Solana (SOL), and Ripple (XRP) also reflect a solid over-collateralization posture. The platform controls 5,289,954 ETH, exceeding user balances by over 8,000 ETH. While just above the threshold, Solana reserves still register a surplus of roughly 2,000 SOL, translating to a 0.01% margin above customer deposits.
Continuing this trend, the exchange’s XRP reserves stand at 102.99%, with approximately 2.6 billion XRP on hand, around 76 million more than customers currently hold.
Notably, Binance USD (BUSD) remains the platform’s most overcollateralized asset, with reserve levels reaching an impressive 206.04%—more than double the customer-held balances. In addition, Binance’s reserves for other stablecoins also show healthy margins. The exchange holds over 8.6 billion USDC, representing 152.19% of the 5.6 billion users hold. Likewise, First Digital USD (FDUSD) reserves stand at 107.84%, surpassing customer assets by more than 82 million FDUSD, further emphasizing Binance’s consistent reserve transparency.
Beyond its internal asset management, Binance has also taken strides to foster broader crypto adoption. Most recently, the exchange partnered with Kyrgyzstan’s National Agency for Investments to help build the nation’s crypto payments infrastructure and roll out blockchain education initiatives.
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