Binance Released its 11th Proof of Reserve Report: Here’s How Much Bitcoin and Altcoins the Exchange Holds

Binance, the world’s largest cryptocurrency exchange, presented its 11th Proof of Reserves report.

The proof of reserve application was launched after the collapse of the cryptocurrency exchange FTX, in order for exchanges to prove that they hold customer assets in a 1:1 ratio.

The snapshot of the company’s assets was taken on October 1, 2023. Here are the assets held by the stock market:

Bitcoin (BTC):

Rate: 104.67%

Customer Net Balance: 588,879,609 BTC

Binance Net Balance: 616,394,946 BTC

Ethereum (ETH):

Rate: 107.29%

Customer Net Balance: 3,830,184.392 ETH

Binance Net Balance: 4,109,241,775 ETH

Binance Coin (BNB):

Rate: 113.72%

Client Net Balance: 29,334,701,312 BNB

Binance Net Balance: 33,359,554,309 BNB

Tether (USDT):

Rate: 118.45%

Customer Net Balance: 15,313,870,839.133 USDT

Binance Net Balance: 18,139,590,309,959 USDT

Binance USD (BUSD):

Rate: 106.99%

Customer Net Balance: 1,070,199,336.173 BUSD

Binance Net Balance: 1,145,007,837.25 BUSD

USD Coin (USDC):

Rate: 104.09%

Customer Net Balance: 903,544,629,598 USDC

Binance Net Balance: 940,538,520,708 USDC

Litecoin (LTC):

Rate: 101.31%

Customer Net Balance: 5,614,234.811 LTC

Binance Net Balance: 5,687,670,669 LTC

Ripple (XRP):

Rate: 104.15%

Customer Net Balance: 2,629,459,187,625 XRP

Binance Net Balance: 2,738,661,519,884 XRP

Solana (LEFT):

Rate: 101.91%

Customer Net Balance: 29,119,159,862 SOL

Binance Net Balance: 29,675,019.97 SOL

Chainlink (LINK):

Rate: 103.55%

Customer Net Balance: 60,169,713.519 LINK

Binance Net Balance: 62,305,323.559 LINK

1inch (1INCH):

Rate: 101.65%

Customer Net Balance: 128,861,453.643 1INCH

Binance Net Balance: 130,981,930.257 1INCH

Aptos (APT):

Rate: 102.84%

Customer Net Balance: 14,861,878,493 APT

Binance Net Balance: 15,284,660,366 APT

Arbitrum (ARB):

Rate: 100.67%

Customer Net Balance: 292,543,119,507 ARB

Binance Net Balance: 294,516,478,854 ARB

Chromia (CHR):

Rate: 106.78%

Customer Net Balance: 342,960,546.779 CHR

Binance Net Balance: 366,214,264.127 CHR

Chiliz (CHZ):

Rate: 108.95%

Customer Net Balance: 3,448,607,261,383 CHZ

Binance Net Balance: 3,757,115,154,158 CHZ

Curve DAO Token (CRV):

Rate: 102.74%

Customer Net Balance: 90,228,690,474 CRV

Binance Net Balance: 92,697,127,817 CRV

PowerPool (CVP):

Rate: 105.18%

Customer Net Balance: 23,271,512.021 CVP

Binance Net Balance: 24,476,533,532 CVP

Dogecoin (DOGE):

Rate: 100.37%

Customer Net Balance: 11,538,940,913.44 DOGE

Binance Net Balance: 11,581,227,218,837 DOGE

Polkadot (DOT):

Rate: 107.35%

Customer Net Balance: 106,096,040.194 DOT

Binance Net Balance: 113,895,618.09 DOT

Enjin Coin (ENJ):

Rate: 104.99%

Customer Net Balance: 157,385,982.089 ENJ

Binance Net Balance: 165,233,597,811 ENJ

First Digital USD (FDUSD):

Rate: 113.16%

Customer Net Balance: 265,326,748.785 FDUSD

Binance Net Balance: 300,240,156,551 FDUSD

The Graph (GRT):

Rate: 102.77%

Customer Net Balance: 738,880,217.976 GRT

Binance Net Balance: 759,341,932,598 GRT

Hashflow (HFT):

Rate: 103.77%

Customer Net Balance: 63,597,617,205 HFT

Binance Net Balance: 65,996,361.57 HFT

Mask Network (MASK):

Rate: 104.67%

Customer Net Balance: 14,578,416.984 MASK

Binance Net Balance: 15,259,026.476 MASK

*This is not investment advice.

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Source: https://en.bitcoinsistemi.com/binance-released-its-11th-proof-of-reserve-report-heres-how-much-bitcoin-and-altcoins-the-exchange-holds/