Binance has published its latest Proof of Reserves (PoR) report for May 2025, once again demonstrating that the exchange is overcollateralized across major assets—an important signal of financial health in a post-FTX world.
According to the report, Binance currently holds 616,886 BTC compared to 604,886 BTC in customer balances, yielding a reserve ratio of 102.06%. USDT holdings are also solid at 29.6 billion, with a 102.07% backing—roughly $600 million more than what’s required to cover user funds.
Other large-cap assets show similar strength, such as Ethereum (ETH): 5.29 million ETH vs. customer holdings, with an 8,000 ETH surplus. Solana (SOL): Slightly overcollateralized by 2,000 SOL (100.01%). XRP: 2.6 billion XRP held, 76 million XRP above user balances (102.99%). Perhaps the biggest standout is Binance USD (BUSD).
Despite halting support for BUSD after exiting the U.S. market in 2023, Binance still holds more than twice the customer balances, maintaining a 206.04% reserve ratio. Stablecoins continue to be well-supported, such as USDC: 8.6 billion held vs. 5.6 billion user balances (152.19%). FDUSD (First Digital USD): 107.84% reserve ratio, with an 82 million token cushion
The PoR system was originally launched to rebuild trust after the FTX collapse, and Binance has leaned into it as a transparency standard. This latest update—covering 37 crypto assets—reaffirms the exchange’s readiness to handle large-scale withdrawals and demonstrates robust internal asset management.
For investors watching centralized exchanges closely, Binance’s May report offers continued reassurance that it remains solvent, secure, and well-positioned for long-term operational stability.
Image Credit: Pixabay
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
