Binance, the world’s largest cryptocurrency exchange, has released its 39th Proof of Reserve Report for February.
According to the report, the stock exchange’s reserve ratio continues to exceed 100% for all major assets.
“$BTC Rate: 100.05%
$ETH Rate: 100.00%
$USDT Rate: 105.09%
$BNB Rate: 101.14%
USDC rate: 107.35%
$FDUSD Rate: 107.6%
XRP rate: 101.01%”
High collateralization ratios were also observed in some other assets. For example, POL showed a reserve surplus of 104.28%. $BUSD 148.91%, $FORM 107.55%, and $WLFI 113.37%.
Apart from Bitcoin ($BTC), the report includes: $USDTEthereum ($ETH), $BNBSolana (SOL), $FDUSD1 inch, CRV, mask, HFT, $BUSDAAVE, ASTER, BCH, BOME, ENA, $FORMHedera (HBAR), NEAR, PENDLE, Pepecoin (PEPE), RLUSD, S, SUI, TRUMP, U, USD1, USDE, WIF, $WLFI was featured.
After it was revealed that once-popular crypto exchange FTX was using user assets for high-risk investments, many major crypto exchanges began sharing their reserve documents.
*This is not investment advice.
