Binance February Proof of Reserves Shows BTC and ETH Backing Above 100%

Key takeawaysBinance released its February Proof of Reserves update.BTC reserve ratio: 100.07% with over 639,587 BTC held in Binance wallets.ETH reserve ratio: 100.02% with more than 4.18 million ETH in reserves.USDT reserve ratio: 103.76%, while BNB reserves stand at 101.26%.Binance Publishes February Proof of ReservesBinance has released its latest Proof of Reserves (PoR) report for February, providing updated data on the platform’s asset backing.According to the report, the exchange maintains full 1:1 backing for major user assets, with reserve ratios exceeding 100% across key cryptocurrencies.Bitcoin and Ethereum Reserves Remain Fully BackedFor Bitcoin, Binance reported:User net balance: 639,149.234 BTCBinance wallet balance: 639,587.708 BTCReserve ratio: 100.07%For Ethereum, the data shows:User net balance: 4,181,400.417 ETHBinance wallet balance: 4,182,135.795 ETHReserve ratio: 100.02%These figures indicate that Binance holds slightly more assets than the total amount owed to users for both BTC and ETH.Stablecoin and BNB Reserves Also Above 100%The Proof of Reserves report also shows strong backing for other major assets:USDT reserve ratio: 103.76%BNB reserve ratio: 101.26%These ratios indicate that Binance maintains additional buffers beyond the total user balances.Transparency Through Proof of ReservesProof of Reserves is part of Binance’s broader effort to enhance transparency and trust in the crypto ecosystem by allowing users to verify that their assets are fully backed.The system enables users to confirm that their balances are included in the exchange’s Merkle tree–based verification process, ensuring accountability for user funds.