BlockBeats reported on November 7 that Binance published its Merkle Tree proof of reserves (snapshot dated November 1), demonstrating 1:1 coverage of all user assets. Key findings include:
- BTC: User net balances decreased by 0.72% to 584,000 coins (vs. 588,000 in October)
- ETH: Increased by 2.25% to 3.91 million coins (from 3.83 million)
- USDT: Slight decline of 0.29% to 15.27 billion tokens (from 15.31 billion)
- BNB: Notable 6.42% growth to 31.216 million coins (up from 29.334 million)
Key Takeaways from Binance's Reserve Report
- Transparency Commitment: The monthly proof-of-reserves audit reinforces Binance's pledge to maintain full asset backing.
- BNB Momentum: The 6.42% rise in BNB holdings suggests increased user adoption or price appreciation effects.
- Stablecoin Stability: Minor fluctuations in USDT reserves indicate consistent trading activity.
FAQ: Binance Asset Reserves
Q: How often does Binance publish reserve proofs?
A: Binance releases monthly Merkle Tree audits, typically within the first week of each month.
Q: What does a 1:1 reserve ratio mean?
A: It confirms that Binance holds equivalent assets to cover 100% of user deposits, ensuring withdrawal capability.
Q: Why did BNB balances increase significantly?
A: Potential factors include growing BNB Chain utility, staking rewards, or broader market recovery.
👉 Explore secure crypto trading platforms for transparent asset management.
Data sourced from Binance's official Merkle Tree verification. No promotional content or external links retained per editorial guidelines.
### SEO Optimization Notes:
- **Keywords Integrated**: Binance, asset reserves, BNB, proof of reserves, Merkle Tree, user assets, BTC, ETH, USDT
- **Structure**: Hierarchical headings with scannable bullet points and FAQ section for featured snippets.