Key Highlights
- Binance reported reserve ratios above 100% for all major assets covered in its latest report.
- User Bitcoin holdings rose 0.35% to approximately 687,900 BTC, while Ethereum holdings increased 1.04% to 3.48 million ETH.
- The additional report followed the October 29 hack involving approximately $6.34 billion in crypto assets; Binance said it fully recovered the affected assets.
Binance Reports Full Reserves Across Major Crypto Assets
Binance has released an additional proof-of-reserves report covering Bitcoin, Ethereum, Tether, BNB and a broad range of other digital assets. According to the report, the exchange’s reserve ratios remained above 100% for all major assets included, indicating that Binance held more than the reported amount of user assets for those cryptocurrencies.
The report covered Bitcoin (BTC), Ethereum (ETH), USDT, BNB, Solana, USDC, WBETH, CAKE, AAVE, XAUT, Bitcoin Cash (BCH), WLFI, RLUSD, HBAR, WLD, FET, DOT, Arbitrum (ARB), MORPHO and HOT. It also included GALA, CHZ, ARKM, JASMY, GRT, APE, SAND, SYRUP, MANA, 1INCH, ENJ, SSV, MASK and BUSD.
Bitcoin and Ethereum Holdings Increase
Binance’s user Bitcoin holdings increased 0.35% from November 4, reaching approximately 687,900 BTC. The change represented an increase of about 2,388 BTC. User Ethereum holdings rose 1.04% to 3.48 million ETH.
BNB holdings also increased during the reporting period, rising 1.03% to 42.95 million tokens. By contrast, user USDT holdings fell 3.68% to 24.3 billion tokens, a decrease of approximately 928 million USDT.
Additional Report Follows October 29 Hack
Unlike Binance’s standard monthly reserve report, this publication was issued as an additional report after the October 29 hack involving approximately $6.34 billion in crypto assets. Binance said it has fully completed the recovery of the affected assets.
The report provides updated figures for user holdings across the listed cryptocurrencies and reiterates Binance’s reported reserve position. The figures cover the assets specified in the report and should not be treated as investment guidance.
Why This Matters
Proof-of-reserves disclosures are closely watched because they show whether a crypto exchange reports holding enough assets to cover customer balances. Binance’s statement that reserve ratios remained above 100% across all major assets is particularly relevant following the October 29 hack and the exchange’s subsequent recovery claim. The additional report gives users updated information on asset balances beyond the exchange’s regular monthly reporting schedule.
Frequently Asked Questions
What did Binance’s latest reserve report show?
Binance reported reserve ratios above 100% for all major assets covered in the report, including BTC, ETH, USDT and BNB.
How much Bitcoin and Ethereum did Binance report holding for users?
User Bitcoin holdings were approximately 687,900 BTC, while user Ethereum holdings reached 3.48 million ETH.
Why did Binance issue an additional report?
Binance released the additional report after the October 29 hack involving approximately $6.34 billion in crypto assets. The exchange said it had fully recovered the affected assets.
This is not investment advice.
