Binance has maintained a reserve ratio above 100% for 30 consecutive months, holding 616,886 BTC to back customer net balances of 604,410 BTC.
The exchange's proof-of-reserve initiative was in response to the FTX collapse, ensuring transparency through monthly attestations verified by on-chain experts and third-party auditors.
Binance's strong asset backing and commitment to transparency have been lauded, with all figures matching on-chain data, dispelling selling rumors.
Binance's steady reserve record has helped maintain market confidence, with the crypto company holding over $31 billion in stablecoins and experiencing a continuous rise in its native BNB token value.