Binance Strengthens Transparency With May 2025 Proof of Reserves Report

Binance, the world’s largest cryptocurrency exchange, released its Proof of Reserves (PoR) report for May 2025, reaffirming that user assets are fully backed at a 1:1 ratio or higher. The disclosure, shared on X by user MartyParty on May 23, details reserve holdings across major digital assets, with Bitcoin (BTC) reserves at 102.06% and Binance Coin (BNB) at 114.2%.

The report breaks down Binance’s holdings across multiple cryptocurrencies, indicating that the exchange continues to maintain solvency above the minimum threshold. Ethereum (ETH) reserves were recorded at 100.16%, Solana (SOL) at 100.01%, Tether (USDT) at 100.38%, and USD Coin (USDC) at 152.1%.

Binance utilizes cryptographic verification tools such as Merkle Trees and zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) to validate the accuracy of its reserve data without compromising user privacy. These mechanisms enable users to confirm that their individual balances are included in the audited liabilities, while also verifying the total reserve amount without revealing sensitive account-level data.

According to a January 2024 Binance Academy article, this approach significantly reduces the risk of data manipulation.

The release comes amid a bullish cycle in the broader cryptocurrency market. As of this report, Bitcoin is nearing $109,000, and BNB is trading at $673.52, according to CoinMarketCap. Binance’s ecosystem, including Binance Chain and Binance Smart Chain, has experienced a notable surge, with daily transactions exceeding 8 million — a signal of growing adoption and investor confidence.

Binance’s PoR methodology excludes corporate assets, which are held in separate wallets, and highlights the exchange’s zero-debt structure. It also maintains the Secure Asset Fund for Users (SAFU), an emergency reserve established to protect user funds during extreme events. This level of financial transparency aligns with industry-wide efforts to bolster user trust, as referenced in a December 2024 DailyCoin report comparing Binance’s practices with those of competitors like OKX.

Since implementing Proof of Reserves protocols in 2022, Binance has positioned itself as a leader in transparency and financial accountability. The May 2025 report continues that trend, offering a trust-anchored snapshot of its financial health at a time when user demand for transparency is at an all-time high.