This is a general announcement and the products and services mentioned here may not be available in your area.

Dear User:

To further improve user asset transparency, Binance will add asset collateral information to its Proof of Reserve (PoR) system.

Showing collateral information shows that the assets held as collateral for loans on the Binance platform will always exceed their liabilities. In addition, different asset liquidity is also taken into account, and it further proves that Binance always provides sufficient reserve support for users' assets at a ratio of at least 1:1.

PoR system highlights:

  • The uniqueness of Binance’s PoR approach is that it transparently captures debt and liabilities and gives users a clearer understanding of their debt-collateralization ratio;

  • Binance recognizes that the value obtained by liquidating large amounts of assets or low-market-cap assets is not equivalent to their nominal value. By identifying users' collateral assets and slashing their nominal value, Binance can further prove that users' assets are always fully backed by reserves;

  • Users can visit the Proof of Reserves page to view the latest published information and verify that their assets are safe on Binance;

  • Binance’s PoR code remains open source to increase community transparency and help other industry players smoothly adopt this technology.

Note: There may be discrepancies between the original English version and the translated version. If there are any discrepancies, please refer to the original English version for the latest or most accurate information.

More information:

Thank you for your support!

Binance Team

October 08, 2024