According to @_RichardTeng, Binance’s Proof of Reserves is a core part of the exchange’s transparency commitment and makes customer assets verifiable (source: @_RichardTeng on X, Sep 8, 2025). According to Binance’s official Proof of Reserves documentation, users can verify inclusion of their balances in the liabilities Merkle tree and validate holdings via a Merkle proof with zk-SNARKs for privacy (source: Binance.com Proof of Reserves documentation). According to Binance’s Proof of Reserves page, per-asset snapshots publish reserve ratios that users can check to confirm that on-chain wallet balances meet or exceed customer liabilities for those assets (source: Binance.com Proof of Reserves).

According to @ai_9684xtpa, Binance Proof of Reserves wallets show a net reduction of over 30,000 ETH worth about $130M alongside a net increase of 3,779 BTC, coinciding with a stall in the ETH/BTC rate, source: @ai_9684xtpa and Binance Proof of Reserves dashboard. The author links the holdings shift to the Binance Proof of Reserves page as the underlying data source for the change, source: @ai_9684xtpa and Binance Proof of Reserves dashboard. The author also suggests building a monthly ETH vs BTC holdings PnL comparison to evaluate rotation effectiveness for ETH/BTC pair trading, source: @ai_9684xtpa.

According to Richard Teng, Binance's CEO, the exchange remains fully backed on user assets, with BNB at 117.74%, BTC at 102.13%, ETH at 100.00%, and USDT at 101.52%, as shared on Twitter (source: @_RichardTeng, June 11, 2025). This public proof of reserves is a positive signal for trader confidence and may reduce counterparty risk for active crypto traders. Full collateralization supports user trust and could encourage increased spot and derivatives trading on Binance, especially in volatile markets.