Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (POL)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

Crypto exchange Binance has published another report on reserves

Market and Events: Crypto exchange Binance has published another report on reserves

Binance has recently completed another audit of the reserves held on its platform. As of 7 February 2024, the trading platform controls 609,477 BTC and 4.35 million ETH.

Binance customers, on the other hand, hold 594,688 BTC and 4.16 million ETH. This means that the safety of customer funds in bitcoin and Ethereum is 102.49% and 104.58% respectively.

Crypto exchange Binance has published another report on reserves
The security of customer funds. Source: Binance.

The safety of customer funds in #USDT stablecoin exceeds 120%, while funds in #BNB tokens are 104.3% secured. Also worth noting is the high level of asset security in #USDC steiblcoins, which exceeds 149% according to Binance's report.

Compared to the January report, there is a significant decrease in client funds held in BUSD stablecoins. Meanwhile, Binance's own collateral in this asset reached 587%.

Recall that in December, Binance removed BUSD from its platform and urged users to convert it to other assets.

In addition, the exchange has TUSD and FDUSD stablecoins on its balance sheet, with reserves of 112% and 113%, respectively.

Proof of Reserves refers to information about the custody of client assets. Binance first introduced this concept in November 2022, following the FTX bankruptcy, to demonstrate its ability to fulfil customer withdrawal requests.

In February 2023, Binance released an update to the Proof of Reserves system, making the audit process more efficient and transparent.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Make crypto bots for trading
Bitcoin: Pakistan launches strategic bitcoin reserve and dedicates 2,000 MW to mining
On May 28, 2025, at the Bitcoin 2025 conference in Las Vegas, Pakistan announced the creation of a strategic bitcoin reserve, a major step in the development of a national cryptocurrency..
Mining: Mining pools face increasing mining difficulty
Bitcoin's mining difficulty rose 3.7% in 24 hours, making mining more difficult and highlighting the need for energy efficient solutions in the industry.
Bitcoin: Bitcoin-ETFs in the US show significant inflows of funds
U.S. bitcoin-ETFs raised 25,500 BTC in a week, indicating high investor interest.
Press Releases: Biconomy.com on the Global Stage: Building the Future of Blockchain Through Real-World Presence
In a digital world driven by blockchain innovation, Biconomy.com is showing that real-world presence matters more than ever. From Paris to Dubai, Tokyo to Toronto, Biconomy’s global roadshow..
⁝⁝⁝

Trending news

  • Artificial Intelligence (AI)
  • Altcoins
  • Bitcoin
  • DeFi
  • Ethereum
  • show more