Binance's Cryptocurrency Holdings and Proof-of-Reserve

Savion Roberts
2 mins

Binance has released a partial list of the cryptocurrencies it stores, and will release a full proof-of-reserve in the coming weeks.

I think every exchange should do proof-of-reserves and be transparent about it. This would help to ensure that everyone is on the same page and that there is no funny business going on.

We are committed to providing our users with the highest level of transparency, and are excited to share this list of major cryptocurrencies that we hold. These tokens are stored in a secure and reliable manner, and we will continue to provide updates as our holdings change. Thank you for your support!

  • It is clear that the leading cryptocurrency exchange is a powerhouse when it comes to storing BTC and ETH. With 475,000 BTC and 4.8 million ETH, they are certainly one of the most reliable and trusted exchanges in the market.
  • It is clear that Binance is one of the leading cryptocurrency exchanges in the world, with a vast array of assets under its control. The company's holdings include a significant amount of USDT, BUSD, USDC, and BNB, totaling over $40 billion.
  • The company detailed its plans for the future in an announcement today, outlining its vision for continued success. The company detailed its plans for the future in an announcement today, outlining its vision for continued success.
As part of Binance’s ongoing commitment to transparency and fostering trust in the ecosystem, we are sharing details of our hot and cold wallet adresses. This is a starting point while we work to create a Merke tree POF (read: proof-of-reserves) that we will share with the community in the next few weeks.
  • It's a tough time for the cryptocurrency industry. A major player, FTX, has revealed a multi-billion hole in its balance sheet, after reportedly misappropriating users' funds. This is a big setback for the entire industry. We can only hope that FTX and other companies can learn from this mistake and make sure it doesn't happen again.

Binance, one of the world's largest cryptocurrency exchanges, has revealed how much Bitcoin (BTC) and Ethereum (ETH) it stores following the collapse of FTX.

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