Binance publishes latest proof of reserves data

Binance published proof of reserve data as of June 1, 2024 via its website. The reserve ratio, that is, the ratio of Binance holdings to user assets, was found to be 106.7% for BTC, 106.34% for BNB, 114.48% for USDT and 103.75% for ETH. SOL (103.67%) and XRP (101.17%) also remain overcollateralized. As of that date, Binance's reserves were calculated to be $124.6 billion, an increase of $1.54 billion compared to the previous month.