Binance Announces 34th Proof-of-Reserves Snapshot, Reveals Holdings

Binance’s latest snapshot shows over 600K $BTC, 4M $ETH, and 23M $SOL, offering users transparency on fund backing.

BTC

ETH

SOL

192d ago

Summary

Binance has revealed its 34th proof-of-reserves snapshot, allowing users to verify if their funds are fully backed by the exchange’s reserves. The snapshot highlights Binance’s holdings, including over 600K Bitcoin ($BTC), 4M Ethereum ($ETH), and 23M Solana ($SOL).

Terms & Concepts

Proof-of-Reserves: A process that allows users to verify that an exchange has sufficient reserves to cover its users' deposits by publishing verifiable data on holdings.
Reserves Snapshot: A periodic report issued by exchanges to show the amount of funds held in their wallets, ensuring users that their assets are fully backed.