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Binance Reports Fully Overcollateralized Crypto Reserves in Latest Audit

The exchange’s November 1 Proof-of-Reserves confirms BTC, ETH, BNB, USDT, and USDC holdings exceed user balances, reinforcing asset security.

BTC
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USDT

Summary

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Terms & Concepts
  • Proof-of-Reserves: An auditing method where crypto exchanges verify their holdings match or exceed customer deposits.
  • Overcollateralized: A state where held assets surpass the required liabilities, providing a cushion for user funds.
  • USDT: Tether, a U.S. dollar-pegged stablecoin widely used for trading and transfers.