Binance, the world’s largest cryptocurrency exchange by trading volume, released its 30th proof-of-reserves (PoR) report, revealing its holding of $58 billion in Bitcoin and $82 billion of other cryptocurrency.
The snapshot, taken on May 1, 2025, provides a detailed look at user asset holdings, reinforcing trust in the platform following industry-wide calls for accountability since the FTX collapse in 2022.
As per the data shared on exchange’s official website, Bitcoin (BTC) alongside Ethereum (ETH), BNB, Solana (SOL) and XRP remains the largest crypto holding of the exchange while stablecoins like USDT, FDUSD and USDC also accounting for a significant amount.
At the current price level, the total Bitcoin holding of the exchange is valued at $58 billion—as per latest Bitcoin price of $96,500—which marks a decrease of 1.35% from the previous month’s 612,675 BTC, signaling potential user withdrawals or sales amid market uncertainty.
The firm’s Ethereum (ETH) holding has also dropped by 3.36%, totaling 5,281,746 ETH, worth around $9.5 billion at an estimated $1,800 per ETH. Its native token, BNB, also saw a slight 0.74% decline, with 39,244,785 BNB held, valued at roughly $23 billion at $600 per BNB.
In contrast, user holdings of Tether (USDT) surged by 2.61%, reaching 29.05 billion USDT—equivalent to $29 billion, given its 1:1 USD peg. This increase highlights a growing preference for stablecoins, likely as a hedge against crypto price volatility or macroeconomic pressures.
The combined value of ETH, BNB, and USDT amounts to approximately $67 billion, with an additional $15 billion in other crypto assets. This brings the non-BTC crypto holdings to around $82 billion.
According to CoinMarketCap data, Binance’s total user assets are estimated at $140 billion. The exchange uses zero-knowledge cryptography and Merkle Tree audits to ensure all user balances are accounted for. Although it excludes the firm’s corporate holdings from PoR calculations.Â
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