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Proof of reserves reveals size of assets held on Binance
#Binance , the world's largest cryptocurrency exchange, published its fifth reserve proof, revealing the size of the assets held on the platform. As of May 1, while the amount of Bitcoin on the stock exchange increased by 2.28% and reached 581 thousand 758, the amount of #Ethereum decreased by 1.97% to 4 million 358 thousand 684.
Binance's reserve evidence shows that the assets held by users on the platform can be covered at a 1:1 ratio. This evidence does not include the company's corporate assets.
There was also a significant increase in the users' Tether (USDT) amount. With an increase of 1.69 billion USDT, the total amount of #USDT increased to 22.85 billion.
It is also noted that 40.7 million BNB and 31.7 million #Solana (SOL) are held in Binance wallets.
