<ul data-eligibleForWebStory="true"><li>Binance's latest Proof of Reserves audit for Ethereum and Solana reaffirms that all customer assets are fully backed at a 1:1 ratio.</li><li>The audit reveals that Binance holds no excess reserves of ETH and SOL beyond customers' deposits, reflecting their policy of fully backing user funds.</li><li>The report shows Ethereum and Solana balances closely matching user deposits, leading to a 100.00% reserve ratio for both cryptocurrencies.</li><li>This could indicate a strategic decision by Binance to allocate reserves toward other assets as compared to Ethereum and Solana.</li><li>Binance holds more reserves in stablecoins like BUSD, USDC, FDUSD, and USDT, with significant surplus to maintain stability and liquidity.</li><li>Bitcoin reserves on the exchange exceed customer balances, and surplus reserves are also noted in XRP, SHIB, LTC, BNB, and DOGE.</li><li>Litecoin (LTC) on Binance shows a strong reserve ratio of 113.61%, Binance Coin (BNB) is over-backed at 111.74%, and Dogecoin (DOGE) is notably over-collateralized at 110.99%.</li></ul>

Binance Proof Of Reserves Shows Exchange Holds No Ethereum Or Solana, So What Do They Hold?

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