Summary
- Binance's reserve ratio has recorded over 100% for 29 consecutive months.
- Even after the FTX collapse, Binance's reserves have maintained above 100%.
- Binance's proof of reserves data has been evaluated as sound.
An analysis has shown that global cryptocurrency exchange Binance has maintained a reserve ratio of over 100% for 29 consecutive months.
On the 18th (local time), CryptoQuant announced via X that "Binance's reserve ratio has recorded over 100% for 29 consecutive months" and added that "Since the FTX collapse, Binance's reserves have consistently maintained above 100%." They further stated, "Binance's proof of reserves data is also evaluated to be sound."
Reserves refer to assets held by an exchange to ensure that customer deposits can be withdrawn at any time. If reserves are not adequately maintained, exchange bankruptcy due to bank runs could occur.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
