Cryptocurrency exchange Binance has released its 37th Proof of Reserves report, with data dated December 1.
The report indicates that while there were notable shifts in user assets, the exchange generally maintained reserve ratios that significantly exceeded customer balances across various cryptocurrencies.
Binance's latest snapshot provides a comparison of user balances and exchange reserves for dozens of assets, including prominent cryptocurrencies such as Bitcoin, Ethereum, USDT, BNB, SOL, XRP, and USDC.
Bitcoin and Ethereum Reserves
Users' Bitcoin holdings on Binance reached 617,620 BTC. This figure represents a 4% increase compared to the previous month, with 23,768 BTC added to user balances in the past month. The reserve ratio for BTC was recorded at 102.11%, signifying that Binance holds more than sufficient reserves to fully cover all users' BTC holdings, according to the report.
Binance users' ETH balances saw a decrease of 1.32%, bringing the total to 4.04 million ETH. Similarly, USDT experienced a 1.24% decrease in user balance, reaching 34.3 billion USDT. Despite these decreases, the reserve ratios remained strong, with USDT at 109.16% and ETH at 100%.
Reserve Ratios for Other Key Assets
The report also details the reserve ratios for several other important assets:
- •DOGE: 110.61%
- •POL: 107.93%
- •DOT: 105.21%
- •LINK: 100.92%
- •SHIB: 101.07%
- •ARB: 100.45%
- •LTC: 120.08%
- •OP: 105.71%
- •CHZ: 101.77%
- •UNI: 102.09%
- •APT: 102.69%
- •GRT: 103.57%
- •SSV: 100.32%
- •CHR: 104.25%
- •ENJ: 100.69%
A notable observation from the report is concerning USDC. While the user balance for USDC stands at 6.88 billion USDC, the exchange holds an impressive 9.47 billion USDC in reserve, indicating a substantial surplus.

