Binance Updates Proof of Reserves Page, Says User Balances Backed 1:1
Crypto News reported that Binance updated its Proof of Reserves page, saying user balances are backed 1:1 and that reserve ratios sit above 100% for many assets.
Why it matters
A Proof of Reserves page is how a centralised exchange addresses whether customer deposits are fully backed, and Binance's page now covers a long list of tokens alongside Bitcoin and Ethereum. Its significance is limited: the update restates the exchange's own backing claim, and no reserve totals or independent verification were reported.
Where the sources disagree
XRP in the reserve report
XRP named in headline
Crypto News (CryptoNews.net)
XRP absent from asset list in body text
Crypto News (CryptoNews.net)
The Crypto News headline names XRP among the assets Binance reports on, but the asset list in the body of that report does not include XRP.
Key facts
Binance updated its Proof of Reserves page, according to Crypto News.
Reported by Crypto News (CryptoNews.net)
Binance states that the reserve ratio is above 100% for many of the assets it covers.
100 %Reported by Crypto News (CryptoNews.net)
The assets named in the report include Bitcoin, Ethereum, USDT, BNB, Solana and USDC.
Reported by Crypto News (CryptoNews.net)
The report also names WLD, PUMP, DOT, WLFI, ARB, TRUMP, RLUSD, POL, CRV, PENDLE, APT, FORM, S, OP, WIF, BOME, CHZ, GRT, 1INCH, ENJ, SSV, TUSD, CHR, MASK, BUSD and HFT.
Reported by Crypto News (CryptoNews.net)
The report gives no per-asset reserve totals, no snapshot date, and no named auditor or verification method.
Reported by Crypto News (CryptoNews.net)
The headline of the Crypto News report names XRP, while the asset list in its text omits XRP.
Reported by Crypto News (CryptoNews.net)
What happened
Crypto News reported that Binance updated its Proof of Reserves page, stating that every user balance on the platform is backed at a 1:1 ratio and that the reserve ratio is above 100% for many assets. Alongside Bitcoin and Ethereum, the report lists USDT, BNB, Solana and USDC, plus WLD, PUMP, DOT, WLFI, ARB, TRUMP, RLUSD, POL, CRV, PENDLE, APT, FORM, S, OP, WIF, BOME, CHZ, GRT, 1INCH, ENJ, SSV, TUSD, CHR, MASK, BUSD and HFT. The report gives no per-asset reserve totals, no snapshot date, and names no auditor or verification method. Its headline names XRP, though the asset list in the body of the report does not include XRP. Only Crypto News has covered the update, so the 1:1 backing claim and the above-100% reserve ratio are Binance's own statements carried by a single outlet.
How the story developed
- First report
First report by Crypto News (CryptoNews.net)
Binance Updates Its Reserves: How Much Bitcoin, Ethereum, XRP, and Altcoin Does the Exchange Hold? Here Are the Latest Figures
- Official statement
Binance updates Proof of Reserves page and states 1:1 backing
Binance says all user balances are backed 1:1 and that the reserve ratio is above 100% for many assets, covering Bitcoin, Ethereum, USDT, BNB, Solana, USDC and a long list of altcoins.
- Update
Crypto News publishes the only report on the reserve figures
No other outlet in the evidence set covers the update, and the report carries no per-asset totals, snapshot date or named auditor.
Affected entities
Also mentioned: Aptos, Donald Trump, Solana, Tether USDt, USD Coin, BNB, Polygon
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Crypto News (CryptoNews.net) Aggregator | Binance Updates Its Reserves: How Much Bitcoin, Ethereum, XRP, and Altcoin Does the Exchange Hold? Here Are the Latest Figures | Original |
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