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Binance Reveals How Much of Each Altcoin It Holds – It Has Stockpiled Extra of Some

Cryptocurrency exchange Binance has released a new version of its monthly “Proof of Reserves” report, which aims to show that user assets are matched one-to-one. The report shares user balances, on-chain wallet assets, and reserve matching ratios for Bitcoin, Ethereum, stablecoins, and many major altcoins.

According to the published data, Binance maintains a reserve ratio of over 100% for Bitcoin and altcoins. Particularly noteworthy were the high reserve ratios for FDUSD, WLFI, and CAKE. On the stablecoin side, USDC had a reserve ratio of 106.66%, while FDUSD had a ratio of 107.15%.

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According to Binance’s Proof of Reserves data, the net account balances and reserve coverage ratios of altcoins are as follows:

  1. Bitcoin (BTC) — 606.7 thousand BTC / 100.22%
  2. Ethereum (ETH) — 3.76 million ETH / 100.00%
  3. Tether (USDT) — 34.76 billion USDT / 104.27%
  4. BNB (BNB) — 43.34 million BNB / 101.68%
  5. Solana (SOL) — 25.72 million SOL / 100.00%
  6. USD Coin (USDC) — 9.24 billion USDC / 106.66%
  7. USD1 (USD1) — 3.64 billion USD1 / 100.77%
  8. XRP (XRP) — 2.60 billion XRP / 101.02%
  9. Dogecoin (DOGE) — 16.61 billion DOGE / 101.00%
  10. U (U) — 635 million U / 100.23%
  11. Chainlink (LINK) — 65.90 million LINK / 100.12%
  12. Pax Gold (PAXG) — 122.9 thousand PAXG / 100.00%
  13. Sui (SUI) — 424.7 million SUI / 100.74%
  14. Litecoin (LTC) — 6.38 million LTC / 100.64%
  15. Pepe (PEPE) — 89.76 trillion PEPE / 100.20%
  16. First Digital USD (FDUSD) — 341.2 million FDUSD / 107.15%
  17. Ethena USDe (USDE) — 334.7 million USDE / 101.18%
  18. Shiba Inu (SHIB) — 53.54 trillion SHIB / 100.17%
  19. ASTER (ASTER) — 418.5 million ASTER / 100.01%
  20. Bitcoin Cash (BCH) — 555.5k BCH / 100.41%
  21. Hedera (HBAR) — 2.57 billion HBAR / 100.47%
  22. NEAR Protocol (NEAR) — 157.5 million NEAR / 101.75%
  23. Uniswap (UNI) — 60.92 million UNI / 100.00%
  24. PancakeSwap (CAKE) — 113.1 million CAKES / 109.13%
  25. Aave (AAVE) — 1.71 million AAVE / 100.00%
  26. Polkadot (DOT) — 124.1 million DOT / 102.36%
  27. TRUMP (TRUMP) — 51.27 million TRUMP / 100.00%
  28. Ethena (ENA) — 1.11 billion ENA / 101.21%
  29. Arbitrum (ARB) — 884.5 million ARB / 100.20%
  30. World Liberty Financial (WLFI) — 1.63 billion WLFI / 109.98%
  31. POL (POL) — 918.2 million POL / 102.54%
  32. Chiliz (CHZ) — CHZ 2.03 billion / 100.31%

*This is not investment advice.

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