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Binance Surpasses $100 Billion in User Asset Holdings

Binance’s proof-of-reserves system shows over 100% collateralization for major cryptos & altcoins.

Binance disclosed in its 16th proof-of-reserves (PoR) snapshot that its assets exceeded $100 billion as of March 18.

The exchange views this milestone not merely as an “arbitrary number” but as evidence of continued trust in Binance and a strong indication of the crypto markets’ solid performance.

Binance’s User Asset Holdings Surge

In a blog post, the company revealed that its user assets under custody have surged, more than doubling from $40 billion as the year began to over $100 billion. Binance attributes this growth not only to its commitment to holding user funds on a 1:1 ratio with additional reserves but also to the recent surge in digital asset prices.

Binance’s proof-of-reserves system currently indicates a collateralization ratio of over 100% for all major cryptocurrencies and altcoins. The exchange holds over 103% of the Bitcoin (BTC) deposited by users, indicating a full reserve matching user deposits and an extra 3% in reserve.

Similarly, the platform disclosed holding nearly 103.5% of the Ethereum (ETH) funds entrusted by its users, alongside a 110.6% reserve for Tether (USDT) deposits.