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Binance reveals proof of reserves for October, showing 21K Bitcoin holdings

Binance reveals proof of reserves for October, showing 21K Bitcoin holdings

Photo: Binance

The exchange’s proof of reserves highlights stronger backing for Bitcoin, BNB, XRP, and major stablecoins compared to Ethereum and Solana.

by Estefano Gomez

1 min read

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Binance revealed its October proof of reserves, showing it held over 100% of user deposits across all major assets, with several tokens maintained at a surplus. Bitcoin reserves alone include an excess of about 21,000 BTC.

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The exchange’s latest audit shows surpluses of 103% for Bitcoin, 112% for BNB, and 102% for XRP, along with 106% for USDT, 125% for FDUSD, and 148% for USDC, while Ethereum and Solana holdings remain fully backed at 100%.

Binance’s proof of reserves highlights the importance it places on maintaining surplus backing for Bitcoin, BNB, XRP, and major stablecoins, while Ethereum and Solana holdings are conservatively maintained at exact 1:1 coverage.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

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