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Binance has released its updated monthly Proof of Reserves report for May 2025, confirming that the exchange continues to maintain over 100% asset backing for major cryptocurrencies, including Bitcoin (BTC), Tether (USDT), and Ethereum (ETH).

Binance’s May 2025 Proof of Reserves Overview

On May 8, Binance, one of the leading cryptocurrency exchanges, published its latest proof of reserves data, providing transparency into the platform’s backed reserves for 37 different crypto assets. According to the report, Binance controls a total of 616,886.378 BTC, which translates to a reserve ratio of 102.06% when compared to customer net assets of 604,886.378 BTC.

The strong reserve ratio extends to Tether (USDT) as well. Binance holds over 29.6 billion USDT in reserves, surpassing customer-held assets by a margin of 600 million USDT, equating to a reserve ratio of 102.07%.

Ethereum, Solana, and Ripple Reserves

Binance’s Ethereum (ETH) reserves also demonstrate its ability to maintain a 1:1 backing. The exchange currently holds 5,289,954 ETH, exceeding customer net balances by more than 8,000 ETH. Similarly, Solana (SOL) reserves slightly exceed customer balances, with Binance holding a 100.01% reserve ratio, equivalent to a surplus of 2,000 SOL.

Ripple (XRP) reserves remain particularly strong, with a ratio of 102.99%. Binance holds approximately 2.6 billion XRP in reserves, surpassing customer-held balances by nearly 76 million XRP.

Binance USD and USDC Reserves

Among Binance’s largest backed assets is Binance USD (BUSD), which reflects a reserve ratio of 206.04%. The platform holds more than double the amount of BUSD compared to customer balances. Although Binance ceased support for its USD-pegged stablecoin following the closure of its U.S. markets in 2023, the exchange’s reserves remain robust.

Additionally, Binance maintains a solid reserve ratio for USD Coin (USDC), holding over 8.6 billion USDC in its reserves, which equals 152.19% of customer-held assets. Currently, customer balances for USDC stand at 5.6 billion.

FDUSD Reserves

Binance’s reserves for FDUSD also maintain a healthy surplus, with a reserve ratio of 107.84%. The exchange holds over 82 million more FDUSD than the total customer balances, further reinforcing its commitment to transparency and financial security.

What Is Proof of Reserves?

Proof of Reserves is a transparency initiative introduced by centralized cryptocurrency exchanges to provide users with assurance that their deposits are fully backed by on-chain reserves. This concept gained prominence after the collapse of FTX, as exchanges sought to rebuild trust by demonstrating their ability to meet withdrawal requests at any time.

“The release of monthly proof of reserves reports allows users to verify that their funds are secure and fully backed, fostering greater trust in centralized exchanges.”

By publishing regular proof of reserves updates, Binance continues to position itself as a transparent and reliable platform for cryptocurrency trading and investing.

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