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Binance updates Proof-of-Reserves system to add 11 new tokens

Binance has upgraded its Proof-of-Reserves system to allow users to verify their assets for 11 new tokens. This brings the total number of verifiable tokens on Binance's PoR system to 24 coins.
Crypto exchanges
Dot
April 6, 2025
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

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TABLE OF CONTENTS
Binance; Photo Source: Kanchanara, Unsplash
Binance’s blog post said, “On Binance, user funds are always collateralized at a 1:1 ratio, plus additional reserves.”

Binance has upgraded its Proof-of-Reserves (PoR) system to allow users to verify their assets for 11 new tokens. The newly added coins include WazirX (WZX), 1Inch (1INCH), Mask Network (MASK), Enjin Coin (ENJ), The Graph (GRT), Dogecoin (DOGE) and Curve DAO token (CRV), among others.

This brings the total number of verifiable tokens on Binance's PoR system to 24 coins.

According to its blog post, Binance held over $63B worth of verifiable crypto assets on its platform at the beginning of March. The snapshot dated March 1 revealed that users funds on the exchange are collateralized at a 1:1 ratio, with additional reserves in its on-chain balance. 

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Binance holds an excess of USD Coin (USDC), with the stablecoin’s reserve ratio surpassing 5490%. The exchange’s on-chain Bitcoin (BTC) holdings amount to $12.4B while its Ethereum (ETH) assets range around the $6.99B mark.  

It is worth mentioning that Binance’s PoR report has not been audited by third-party accounting firms. This is because Mazars, the firm responsible for auditing the exchange's PoR report, stopped offering services to crypto platforms after December 2022.

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Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
WazirX
Binance
1inch
Enjin
Curve DAO
Dogecoin
Mask Network
The Graph
USD Coin
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BestReviewsLearn
Crypto exchanges
March 7, 2023

Binance updates Proof-of-Reserves system to add 11 new tokens

HomeCrypto exchanges
Blog Post
Contents
Binance; Photo Source: Kanchanara, Unsplash
Binance’s blog post said, “On Binance, user funds are always collateralized at a 1:1 ratio, plus additional reserves.”

Binance has upgraded its Proof-of-Reserves (PoR) system to allow users to verify their assets for 11 new tokens. The newly added coins include WazirX (WZX), 1Inch (1INCH), Mask Network (MASK), Enjin Coin (ENJ), The Graph (GRT), Dogecoin (DOGE) and Curve DAO token (CRV), among others.

This brings the total number of verifiable tokens on Binance's PoR system to 24 coins.

According to its blog post, Binance held over $63B worth of verifiable crypto assets on its platform at the beginning of March. The snapshot dated March 1 revealed that users funds on the exchange are collateralized at a 1:1 ratio, with additional reserves in its on-chain balance. 

‍



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


‍

Binance holds an excess of USD Coin (USDC), with the stablecoin’s reserve ratio surpassing 5490%. The exchange’s on-chain Bitcoin (BTC) holdings amount to $12.4B while its Ethereum (ETH) assets range around the $6.99B mark.  

It is worth mentioning that Binance’s PoR report has not been audited by third-party accounting firms. This is because Mazars, the firm responsible for auditing the exchange's PoR report, stopped offering services to crypto platforms after December 2022.

‍

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
WazirX
Binance
1inch
Enjin
Curve DAO
Dogecoin
Mask Network
The Graph
USD Coin
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

in
Binance’s blog post said, “On Binance, user funds are always collateralized at a 1:1 ratio, plus additional reserves.”

Binance has upgraded its Proof-of-Reserves (PoR) system to allow users to verify their assets for 11 new tokens. The newly added coins include WazirX (WZX), 1Inch (1INCH), Mask Network (MASK), Enjin Coin (ENJ), The Graph (GRT), Dogecoin (DOGE) and Curve DAO token (CRV), among others.

This brings the total number of verifiable tokens on Binance's PoR system to 24 coins.

According to its blog post, Binance held over $63B worth of verifiable crypto assets on its platform at the beginning of March. The snapshot dated March 1 revealed that users funds on the exchange are collateralized at a 1:1 ratio, with additional reserves in its on-chain balance. 

‍



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


‍

Binance holds an excess of USD Coin (USDC), with the stablecoin’s reserve ratio surpassing 5490%. The exchange’s on-chain Bitcoin (BTC) holdings amount to $12.4B while its Ethereum (ETH) assets range around the $6.99B mark.  

It is worth mentioning that Binance’s PoR report has not been audited by third-party accounting firms. This is because Mazars, the firm responsible for auditing the exchange's PoR report, stopped offering services to crypto platforms after December 2022.

‍

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
Written by
Ayush Pande
WazirX
Binance
1inch
Enjin
Curve DAO
Dogecoin
Mask Network
The Graph
USD Coin

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© 2024 Bitcompare
A Blu.Ventures companyAdvertisePolicyTerms of UseSitemap

Bitcompare is a trading name of Blue Venture Studios Pte Ltd, 68 Circular Road, #02-01, 049422, Singapore.

Advertiser disclosure: Bitcompare is a comparison engine that relies on advertising for funding. The business opportunities that can be found on this site are offered by companies with which Bitcompare has made deals. This relationship may affect the way and where products appear on the site, such as in what order they are listed in categories. Information about products may also be placed based on other factors, such as the ranking algorithms on our website. Bitcompare does not look at or list all companies or products on the market.
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Editorial disclosure: The editorial content on Bitcompare is not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. The opinions expressed here are the author’s alone. Additionally, the opinions expressed by the commenters do not necessarily reflect those of Bitcompare or its staff. When you leave a comment on this site, it will not show up until a Bitcompare administrator approves it.

Warning: The price of digital assets can be volatile. The value of your investment can go down or up, and you may not get back the amount invested. You are the only one who is responsible for the money you invest, and Bitcompare is not responsible for any losses you might have. Any APR shown is a rough estimate of how much cryptocurrency you will earn in rewards over the time period you choose. It does not display the actual or predicted returns or yields in any fiat currency. The APR is adjusted daily, and the estimated rewards may differ from the actual rewards generated. The information on this page is not meant to be a sign from Bitcompare that the information is correct or reliable. Before making any investment, you should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult with an independent financial advisor. Links to third-party sites are not under the control of Bitcompare, and we are not responsible for the reliability or accuracy of such sites or their contents. For more information, see the Terms of Service for Bitcompare and our Risk Warning.