Cryptocurrency exchange Binance has released its 47th Proof of Reserves report for October
Binance, one of the world’s largest cryptocurrency exchanges, has updated its Proof of Reserves (PoR) page, once again sharing the reserve status of user assets
The exchange stated that all user balances on the platform are backed at a 1:1 ratio and that the reserve ratio is above 100% for many assets
Apart from Bitcoin, the report includes Ethereum, USDT, BNB, Solana, USDC, WLD, PUMP, DOT, WLFI, Arbitrum (ARB), TRUMP, RLUSD, POL, CRV, PENDLE, Aptos (APT), FORM, S, OP, WIF, BOME, CHZ, GRT, 1INCH, ENJ, SSV, TUSD, CHR, MASK, BUSD and HFT were included
According to the report, the stock exchange’s reserve ratios remained above 100% for all major assets
“BTC rate: 100.35% ETH rate: 100.00% USDT rate: 103.88% BNB rate: 100.47% SOL rate: 100.00% USDC rate: 108.26% XRP rate: 100.77% USD1 rate: 101.11%”
According to the latest report, users’ Bitcoin holdings increased to approximately 691,003 BTC compared to the previous report, while their Ethereum holdings decreased to 33.7 million ETH
Lastly, looking at users’ USDT holdings, a slight increase was observed, reaching approximately 33.27 billion USDT
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