Binance Releases Latest Proof-of-Reserves Report with Overcollateralized Reserves for Major Cryptocurrencies

Binance has released its latest proof-of-reserves report, providing further transparency into the exchange's financial holdings.

The report, which covers a snapshot date of April 1, includes 49 cryptocurrencies and reveals that the exchange's reserves are overcollateralized for major assets such as Bitcoin, Ethereum, and BNB.

Notably, this month's report marks the first inclusion of PAX Gold (PAXG), a gold-backed token issued by Paxos, in the exchange's reserves.