Binance has released its 29th Proof of Reserves report based on figures from April 1, 2025. The report shows a decrease in holdings of major cryptocurrencies by users of the platform compared to last month.
Decline in Bitcoin Reserves
The report indicates that Bitcoin reserves on Binance stand at 612,675 BTC, down by 15,577 BTC (2.48%) from March 1. The collateralization ratio is 100.99%, indicating that Binance holds slightly more Bitcoin than necessary to fully back all customer deposits.
Changes in Altcoin and Stablecoin Reserves
Binance also provided data on several altcoins and stablecoins. For instance, Ethereum reserves have decreased to 5,465,167 ETH, marking a reduction of 152,248 ETH (2.71%). The stablecoin USDT saw the largest percentage decline, dropping by 1.08 billion tokens (3.67%) to 28.32 billion USDT. On the contrary, BNB holdings saw an increase, reaching 39,536,866 BNB.
Proof of Reserves Methodology and Security Measures
The proof of reserves methodology on Binance is based on Merkle Tree verification, allowing users to independently verify that their assets are part of the reported amounts. The report also emphasizes that Binance continues to employ a verification process that covers both exchange balances and third-party custody arrangements.
The Binance Proof of Reserves report indicates significant changes in the reserve holdings of popular cryptocurrencies, sparking interest among analysts and investors.
