Over the past 29 months, Binance has maintained a reserve ratio exceeding 100%, demonstrating the exchange's financial stability and transparency despite rumors of selling its Bitcoin reserves.
Sustainable Binance Reserves
According to the analytics firm CryptoQuant, Binance's total customer balance currently stands at 633,092 BTC. Out of this, 606,143 BTC is directly held by Binance, while 26,948 BTC is stored as BTCB, a tokenized version of Bitcoin on the BNB Smart Chain managed via third-party custody.
Transparency Confirmation
To verify accuracy, CryptoQuant cross-references Binance's BTC exchange balances with the on-chain Bitcoin network reserves, demonstrating data alignment. This reinforces the transparency of Binance's financial disclosures. Recent speculation about Binance selling its assets for conversion to USDC was refuted by the exchange.
Liquidity Leader
Binance has established itself as the top centralized exchange for crypto outflows, processing over a quarter of all BTC and nearly half of ETH withdrawals this past month. Analysts believe this reflects institutional accumulation, strategic asset reallocation, and confidence in Binance as a liquidity hub.
In conclusion, Binance continues to exhibit financial stability and a high level of transparency, cementing user trust amidst increased market volatility.
