Binance Reserves 102% for BTC, ETH, USDT & 37 Altcoins
Binance has published its 33rd Proof-of-Reserve report (snapshot date August 1), revealing overcollateralization for major cryptocurrencies and 37 altcoins. The report shows reserve ratios of 102.96% for BTC, 102.27% for USDT, 100.67% for ETH and 111.74% for BNB. User holdings of Bitcoin rose 2.99% to 591,000 BTC, USDT increased 0.87% to 29.85 billion, and BNB climbed 0.38% to 39.79 million. Ethereum holdings fell 9.84% to 4.55 million ETH. This proof of reserve initiative aims to restore trust after the FTX collapse and improve transparency across Binance’s crypto reserves.
Bullish
The latest proof-of-reserve report from Binance confirms overcollateralization for major assets, reinforcing confidence in the exchange’s solvency. Historically, transparent reserve audits have led to positive market responses; for example, after previous reserve disclosures, Bitcoin trading volumes and prices saw modest upticks. In the short term, this update could boost buying interest as traders respond to lower perceived counterparty risk. Over the long term, sustained transparency may attract institutional participants and stabilize liquidity across multiple cryptocurrencies, supporting a broader bullish trend in the market.