Binance Updates April Proof of Reserves, Adds PAXG and Expands Covered Assets to 49
The exchange reported reserve ratios above 100% for Bitcoin, Tether (U.S. dollar-pegged stablecoin), Ethereum, and BNB, while PAXG (gold-backed crypto token) appeared in the report for the first time on April 7.
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Fact Check
The fetched article 'Binance Releases Updated Proof of Reserves: Another Altcoin Added! – How Much Bitcoin, Ethereum, XRP, and Altcoins Do Users Own?' explicitly states that Binance’s latest Proof of Reserves showed BTC, USDT, ETH, and BNB reserve ratios above 100% and that PAXG was added for the first time, bringing the total tracked assets to 49. This directly matches the user’s statement. Search results for the Binance Square posts 'Binance Updated April Certificate of Reserves with PAXG Included for The First Time' and 'Binance Reserves Stay Above 100% as Bitcoin Decouples from ...' independently echo the same figures and PAXG/49-assets point. Confidence is medium rather than high because direct fetching of the Binance pages failed in this run, so the official pages could not be fully validated from fetched content.
Summary
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Terms & Concepts
- Proof of reserves: A transparency method in which a crypto platform shows it holds enough on-chain assets to match or exceed customer balances.
- USDT: A U.S. dollar-pegged stablecoin widely used for trading, transfers, and liquidity across crypto markets.
- PAXG: A gold-backed crypto token designed to track the value of physical gold held in custody.