Binance, the world’s largest cryptocurrency exchange, has released its 39th Proof of Reserves report for February.
According to the report, the stock exchange’s reserve ratios remained above 100% for all major assets.
“BTC rate: 100.05%
ETH rate: 100.00%
USDT rate: 105.09%
BNB rate: 101.14%
USDC rate: 107.35%
FDUSD rate: 107.6%
XRP rate: 101.01%”
High collateral ratios were also noted in some other assets. For example, POL showed a reserve surplus of 104.28%, BUSD 148.91%, FORM 107.55%, and WLFI 113.37%.
Apart from Bitcoin (BTC), the report includes USDT, Ethereum (ETH), BNB, Solana (SOL), FDUSD, 1INCH, CRV, MASK, HFT, BUSD, AAVE, ASTER, BCH, BOME, ENA, FORM, Hedera (HBAR), NEAR, PENDLE, Pepecoin (PEPE), RLUSD, S, SUI, TRUMP, U, USD1, USDE, WIF and WLFI were featured.
After it was revealed that FTX, a once-popular cryptocurrency exchange, had used user assets for high-risk investments, many major cryptocurrency exchanges began sharing proof-of-reserve documents.
*This is not investment advice.