Binance, the world's largest cryptocurrency exchange by trading volume, published its August 2023 reserve report, revealing the amount of digital assets it holds under its watch and the ratio of its reserves to customer net balances.
According to the report, Binance has more than enough reserves to cover all customer deposits in all supported cryptocurrencies. The reserve ratio is calculated by dividing the Binance net balance (the amount of coins Binance holds) by the customer net balance (the amount of coins customers have deposited with Binance).
A reserve ratio of 100% means Binance has exactly the same amount of coins as its customers, while a reserve ratio of over 100% means Binance has more coins than its customers.
Here are the amounts of Bitcoin and altcoins that the company published in its report:
BTC
- Rate: 105.61%
- Customer Net Balances: 588,622,989
- Binance Net Balances: 621,631,928
ETH
- Rate: 102.71%
- Customer Net Balances: 4,068,826,253
- Binance Net Balances: 4,179,054,896
BNB
- Rate: 113.85%
- Customer Net Balances: 29,282,440,447
- Binance Net Balances: 33,339,317.22
USDT
- Rate: 117.99%
- Customer Net Balances: 15.280.149.773,177
- Binance Net Balances: 18,028,511,181,839
BUSD
- Rate: 117.90%
- Customer Net Balances: 1,838,334,069,651
- Binance Net Balances: 2.167.374.260.094
USDC
- Rate: 101.62%
- Customer Net Balances: 829,610,613,236
- Binance Net Balances: 843,044,142,792
LTC
- Rate: 100.94%
- Customer Net Balances: 6,417,755,433
- Binance Net Balances: 6,477,909,211
XRP
- Rate: 103.50%
- Customer Net Balances: 2,711,777,813,604
- Binance Net Balances: 2,806,681,733,985
LEFT
- Rate: 102.25%
- Customer Net Balances: 31,538,449,144
- Binance Net Balances: 32.248.04,153
LINK
- Rate: 103.95%
- Customer Net Balances: 54,798,237,068
- Binance Net Balances: 56,963,125,783
1INCH
- Rate: 101.49%
- Customer Net Balances: 142,613,307,232
- Binance Net Balances: 144.740.551.24
APT
- Rate: 102.26%
- Customer Net Balances: 15,623,924.98
- Binance Net Balances: 15,977,499,103
ARB
- Rate: 100.70%
- Customer Net Balances: 277,310,069,175
- Binance Net Balances: 279,258,969,039
CHR
- Rate: 106.26%
- Customer Net Balances: 340,058,734,821
- Binance Net Balances: 361,350,169.96
CHZ
- Rate: 120.74%
- Customer Net Balances: 3.493.438.214,334
- Binance Net Balances: 4,217,967,855,239
CRV
- Rate: 102.87%
- Customer Net Balances: 84,853,104,499
- Binance Net Balances: 87,289,605,669
CVP
- Rate: 101.00%
- Customer Net Balances: 117,309,034,132
- Binance Net Balances: 118,486,375,675
DOGE
- Rate: 100.15%
- Customer Net Balances: 12.672.916.031.1
- Binance Net Balances: 12,691,528,460,191
DOT
- Rate: 105.93%
- Customer Net Balances: 108,158,545,646
- Binance Net Balances: 114,571,807,742
ENJ
- Rate: 104.70%
- Customer Net Balances: 160,572,480,396
- Binance Net Balances: 168,115,142,887
GRT
- Rate: 102.67%
- Customer Net Balances: 759,733,574.96
- Binance Net Balances: 780.006.309,829
HFT
- Rate: 103.65%
- Customer Net Balances: 66,075,495,164
- Binance Net Balances: 68,487,998,786
MASK
- Rate: 103.06%
- Customer Net Balances: 14,170,334,918
- Binance Net Balances: 14,603,923,504
MATIC
- Rate: 119.87%
- Customer Net Balances: 841.878.840.83
- Binance Net Balances: 1,009,184,461,481
KISS
- Rate: 101.91%
- Customer Net Balances: 109,377,418,544
- Binance Net Balances: 111,469,100.93
SHIB
- Rate: 102.93%
- Customer Net Balances: 76.888.513.069.601.97
- Binance Net Balances: 79,142,562,547,679.83
SSV
- Rate: 101.66%
- Customer Net Balances: 3,785,778,821
- Binance Net Balances: 3,848,603,81
TUSD
- Rate: 119.75%
- Customer Net Balances: 1,966,702,656,917
- Binance Net Balances: 2,355,065,790,531
UNI
- Rate: 101.93%
- Customer Net Balances: 24,490,930,91
- Binance Net Balances: 24,963,485,894
WRX
- Rate: 102.16%
- Customer Net Balances: 250.145.023,274
- Binance Net Balances: 255,544,303,502
*Not investment advice.
