Binance Proof of Reserves: Full Breakdown of Major Crypto Holdings (October 2025)

Binance has released its 35th Proof of Reserves (PoR) report, confirming that all customer assets remain over 100% collateralized despite slight declines in Bitcoin, Ethereum, and USDT balances.

The data snapshot, taken on October 1, 2025, provides a transparent look at the exchange’s holdings across its top-traded cryptocurrencies.

Bitcoin (BTC) – 103.5% Collateralization

Binance users collectively hold 591,763 BTC, down 2.67% from the previous month. The exchange backs these holdings with 612,449 BTC, giving it a 103.5% reserve ratio.

Despite the small decline of 16,200 BTC in customer balances, Binance’s Bitcoin reserves remain among the most secure in the industry. The overcollateralization ensures sufficient liquidity for withdrawals and market operations, reflecting the exchange’s conservative balance sheet approach.

Ethereum (ETH) – 100% Collateralization

Ethereum holdings stand at 4.13 million ETH, down 4.78% (roughly 207,000 ETH) from September. Binance maintains a 1:1 reserve ratio, confirming that user deposits are fully covered by on-chain assets.

This slight dip may reflect staking movements and withdrawals following recent ETH volatility, but the 100% ratio demonstrates stability in Binance’s management of Ethereum-based assets.

Tether (USDT) – 106.87% Collateralization

USDT remains Binance’s largest single asset class, with over 30.28 billion tokens held by users. Although this marks a 3.1% decline from last month, the exchange’s total backing of 32.37 billion USDT gives it a strong 106.9% ratio.

This ensures full liquidity for withdrawals and reinforces confidence in Binance’s stablecoin management amid increasing global scrutiny of stablecoin reserves.

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BNB – 112.44% Collateralization

BNB, Binance’s native token, continues to be one of the most overcollateralized assets on the platform. User balances total 39.65 million BNB, backed by 44.58 million BNB across exchange and third-party custody.

With a 112.4% coverage ratio, this surplus signals Binance’s long-term commitment to supporting BNB liquidity and internal ecosystem stability.

USD Coin (USDC) – 148.31% Collateralization

USDC stands out with the highest reserve ratio among all assets at 148.3%. Binance users hold 5.56 billion USDC, while the exchange holds 8.25 billion, including over 8.19 billion directly on exchange wallets.

This extreme overcollateralization likely reflects heightened regulatory standards and Binance’s intention to maintain USDC as a premium fiat-backed stablecoin for institutions.

FDUSD – 125.11% Collateralization

The rising stablecoin FDUSD continues to gain traction with 614.9 million tokens held by customers and 769.3 million in reserves, bringing the ratio to 125.1%.

As FDUSD adoption expands through Binance’s zero-fee trading pairs, the exchange’s overcollateralization underscores its effort to maintain strong backing amid market growth.

Solana (SOL) – 100% Collateralization

SOL holdings remain stable with 22.15 million tokens, fully matched by Binance’s reserves. The 100% ratio signals a balanced position between user and exchange holdings.

Given Solana’s recent price performance and ecosystem growth, maintaining 1:1 coverage ensures confidence in Binance’s handling of Layer 1 assets.

XRP – 102.91% Collateralization

XRP balances total 2.75 billion, with 2.83 billion XRP in reserves. Binance’s ratio of 102.9% ensures all customer funds are slightly over-backed, reflecting consistent liquidity across Ripple’s cross-border ecosystem.

Dogecoin (DOGE) – 106.71% Collateralization

Dogecoin remains one of the most widely held assets on Binance, with 16.7 billion DOGE held by customers and 17.8 billion in total reserves.
The 106.7% ratio highlights Binance’s strong DOGE liquidity, as the meme coin continues to see high trading activity following recent ETF speculation and broader market recovery.

Polygon (POL) – 108.63% Collateralization

Polygon’s native token POL (formerly MATIC) maintains a 108.6% reserve ratio, with 867 million POL held by usersand 942 million available in reserves.
This coverage ensures confidence as Polygon expands its role in Ethereum scaling and DeFi interoperability.

Litecoin (LTC) – 112.90% Collateralization

Litecoin’s reserves show one of the strongest balances across older cryptocurrencies, with 6.76 million LTC held by users and 7.63 million held by Binance.
This 112.9% ratio provides a solid cushion for volatility, demonstrating continued support for LTC’s long-standing role in cross-chain payments.

Chainlink (LINK) – 100.61% Collateralization

LINK, a key oracle token in the DeFi ecosystem, is fully backed with a slight surplus at 100.6%. Binance holds 62.49 million LINK to cover 62.11 million in customer deposits, maintaining tight but sufficient reserves amid rising DeFi oracle demand.

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Shiba Inu (SHIB) – 100.88% Collateralization

SHIB reserves remain balanced, with 54.37 trillion tokens held by users and 54.85 trillion in Binance’s wallets. The meme token’s 100.9% ratio reflects consistent retail engagement and secure custody across exchange and third-party storage.

Arbitrum (ARB) – 100.34% Collateralization

Arbitrum, one of the leading Ethereum Layer 2 projects, holds a near-perfect ratio at 100.34%. Binance’s holdings of 889 million ARB exceed customer deposits of 886 million, confirming complete backing as Layer 2 adoption grows.

TUSD – 108.16% Collateralization

TrueUSD shows a healthy buffer with 14.91 million held by users and 16.12 million held by Binance, producing a 108.2% ratio. The exchange continues to maintain TUSD as part of its diversified stablecoin ecosystem.

Polkadot (DOT) – 105.69% Collateralization

DOT balances stand at 131.5 million tokens, backed by 139 million DOT across Binance’s wallets. This 105.7% ratioreflects secure management amid renewed staking and parachain activity within the Polkadot network.

Summary: Binance Strengthens Transparency Amid Slight Outflows

While Bitcoin, Ethereum, and USDT holdings declined modestly month-over-month, Binance continues to maintain 100%+ backing for every major asset. Stablecoins like USDC and FDUSD show particularly strong overcollateralization, while native tokens like BNB and LTC maintain double-digit buffers.

With its 35th Proof of Reserves report, Binance reaffirms its position as the most transparent and solvent global crypto exchange, setting industry standards for accountability in digital asset custody.

Source

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.