Cryptocurrency exchange Binance released its 37th Reserve Certification Report on December 1st.
The report said that although there were notable changes in user assets, exchanges generally maintained reserve ratios that were more than sufficient to cover customer balances.
Binance’s latest snapshot compared user balances and exchange reserves for dozens of assets including Bitcoin, Ethereum, USDT, BNB, SOL, XRP, and USDC.
User Bitcoin holdings on Binance reached 617,620 BTC. This represents a 4% increase compared to November 1st. Last month, 23,768 BTC was added to user balances. According to the report, the BTC reserve ratio was recorded at 102.11%, meaning that Binance holds enough reserves to fully cover users’ BTC holdings.
The ETH balance of Binance users decreased by 1.32% to 4.04 million ETH. USDT also decreased by 1.24%, with user balances at 34.3 billion USDT. Nevertheless, the reserve ratio was 109.16% for USDT and 100% for ETH.
Other important assets and reserve ratios included in Binance’s report are:
- Doge: 110.61%
- Paul: 107.93%
- Dot: 105.21%
- Link: 100.92%
- Shibu: 101.07%
- ARB: 100.45%
- LTC: 120.08%
- Operating profit: 105.71%
- CHZ: 101.77%
- Uni: 102.09%
- APT: 102.69%
- GRT: 103.57%
- SSV: 100.32%
- CHR: 104.25%
- ENJ: 100.69%
What is particularly impressive about USDC is that the exchange holds reserves of 9.47 billion USDC, compared to 6.88 billion USDC in user balances.
*This is not investment advice.
