A snapshot of Binance's Proof of Reserves (PoR) dashboard.
Audit Time and Verification:
The audit is dated 01/12/24 at BTC Block Height 872689.
Verification Mechanism: zk-SNARKs (a zero-knowledge proof method ensuring data privacy while proving reserves).
Merkle Root Hash:
Displays the cryptographic root hash used to verify reserves (unique identifier of the audit data).
Reserve Ratios and Assets:
Shows the reserve ratios for several cryptocurrencies and stablecoins, highlighting how well Binance is covering its customer net balances.
Asset Breakdown:
BTC (#Bitcoin ):
Reserve Ratio: 108.21% (over-collateralized).
Customer Net Balances: 580,111.242 BTC.
Binance Net Balances: 627,745.577 BTC.
USDT (#Tether ):
Reserve Ratio: 108.96%.
Customer Net Balances: 25,219,800,353.691 USDT.
Binance Net Balances: 27,478,766,107.743 USDT.
ETH (#Ethereum ):
Reserve Ratio: 102.68%.
Customer Net Balances: 4,945,692.541 ETH.
Binance Net Balances: 5,078,355.565 ETH.
BNB (#binancecoin ):
Reserve Ratio: 105.54%.
Customer Net Balances: 37,124,817.66 BNB.
Binance Net Balances: 39,182,785.337 BNB.
SOL (#Solana ):
Reserve Ratio: 101.38%.
Customer Net Balances: 27,303,879.491 SOL.
Binance Net Balances: 27,680,909.192 SOL.
FDUSD (First Digital USD):
Reserve Ratio: 124.46% (highly over-collateralized).
Customer Net Balances: 1,260,486,541.802 FDUSD.
Binance Net Balances: 1,568,810,004.975 FDUSD.
XRP (Ripple):
Reserve Ratio: 100.31% (close to exact balance).
Customer Net Balances: 2,906,457,975.426 XRP.
Binance Net Balances: 2,915,403,958.877 XRP.
USDC (USD Coin):
Reserve Ratio: 133.35% (highly over-collateralized).
Customer Net Balances: 1,987,798,991.806 USDC.
Binance Net Balances: 2,650,677,125.227 USDC.
$SOL