Transparency Wins: Binance Reveals Solid Reserves Backing Customer Assets
Binance the world’s largest cryptocurrency exchange by trading volume has released its monthly report on Proof of Reserves (PoR) revealing that the platform maintains a high level of transparency and financial assurance compared to other global exchanges.
According to data published on Binance’s official website the digital assets held in the platform’s wallets exceed users’ total deposits with coverage ratios as follows:
| Cryptocurrency | Symbol | Coverage Ratio | Notes |
|---|---|---|---|
| Bitcoin | BTC | 102.11% | Full coverage exceeding user deposits |
| Binance Coin | BNB | 112.95% | Significant reserve surplus |
| Ethereum | ETH | 101.76% | Stable, near-perfect coverage |
| Tether | USDT | 104.23% | Backed by cash reserves and short-term Treasury bills |
| Ripple | XRP | 103.84% | Above-average coverage |
Binance Official Statement
In its official statement Binance said these figures represent a clear commitment to transparency and trust adding that its “Proof of Reserves system” relies on advanced cryptographic verification techniques to validate client balances regularly without compromising privacy.
The company emphasized that the goal of publishing these reports is to strengthen user confidence and ensure the safety of deposits even amid high market volatility.
Importance for the Digital Market
Analysts believe that Binance’s regular publication of Proof of Reserves data helps promote stability in the digital asset market and builds investor confidence especially after the collapse of several rival exchanges in recent years.
This initiative is also expected to encourage other platforms to adopt similar transparency and disclosure practices particularly as regulatory pressure continues to grow in the U.S. and Europe.
Conclusion
The latest Proof of Reserves report confirms that Binance remains a leader in trust and financial stability across the digital asset sector.
Most asset coverage ratios exceeded the 100% mark reinforcing Binance’s position as one of the safest and most reliable platforms for investors worldwide.
🔗 Source : https://coinpedia.org/news/crypto-news-today-live-updates-november-7-2025/?utm_source=chatgpt.com
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