Binance Updates Proof of Reserves with BTC Reserve Ratio at 103.​50%

Binance has released its latest Proof of Reserves update, showing a Bitcoin reserve ratio of 103.​50%.​

This means Binance holds slightly more Bitcoin than customer deposits require, demonstrating the exchange maintains adequate reserves to cover user funds.​

• The 103.​50% ratio indicates Binance has 3.​5% excess Bitcoin reserves
• This follows similar transparency efforts by other major exchanges
• Kraken previously reported a higher 114.​9% BTC reserve ratio in May

Proof of Reserves has become a standard practice for exchanges to build trust after industry upheavals.​ The reports provide cryptographic proof that exchanges hold sufficient assets to meet withdrawal demands.​

The update reinforces Binance's commitment to transparency and user fund safety in the current regulatory environment.​