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:

Bitcoin ($BTC) — 606.7 thousand $BTC / 100.22%

Ethereum ($ETH) — 3.76 million $ETH / 100.00%

Tether ($USDT) — 34.76 billion $USDT / 104.27%

$BNB ($BNB) — 43.34 million $BNB / 101.68%

Solana ($SOL) — 25.72 million $SOL / 100.00%

USD Coin ($USDC) — 9.24 billion $USDC / 106.66%

$USD1 ($USD1) — 3.64 billion $USD1 / 100.77%

$XRP ($XRP) — 2.60 billion $XRP / 101.02%

Dogecoin ($DOGE) — 16.61 billion $DOGE / 101.00%

U (U) — 635 million U / 100.23%

Chainlink ($LINK) — 65.90 million $LINK / 100.12%

Pax Gold ($PAXG) — 122.9 thousand $PAXG / 100.00%

Sui ($SUI) — 424.7 million $SUI / 100.74%

Litecoin ($LTC) — 6.38 million $LTC / 100.64%

Pepe ($PEPE) — 89.76 trillion $PEPE / 100.20%

First Digital USD ($FDUSD) — 341.2 million $FDUSD / 107.15%

Ethena USDe (USDE) — 334.7 million USDE / 101.18%

Shiba Inu ($SHIB) — 53.54 trillion $SHIB / 100.17%

$ASTER ($ASTER) — 418.5 million $ASTER / 100.01%

Bitcoin Cash ($BCH) — 555.5k $BCH / 100.41%

Hedera ($HBAR) — 2.57 billion $HBAR / 100.47%

$NEAR Protocol ($NEAR) — 157.5 million $NEAR / 101.75%

Uniswap ($UNI) — 60.92 million $UNI / 100.00%

PancakeSwap ($CAKE) — 113.1 million CAKES / 109.13%

Aave ($AAVE) — 1.71 million $AAVE / 100.00%

Polkadot ($DOT) — 124.1 million $DOT / 102.36%

$TRUMP ($TRUMP) — 51.27 million $TRUMP / 100.00%

Ethena ($ENA) — 1.11 billion $ENA / 101.21%

Arbitrum ($ARB) — 884.5 million $ARB / 100.20%

World Liberty Financial ($WLFI) — 1.63 billion $WLFI / 109.98%

$POL ($POL) — 918.2 million $POL / 102.54%

Chiliz ($CHZ) — $CHZ 2.03 billion / 100.31%

*This is not investment advice.