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

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

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Ayush Pande
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Ayush Pande
Co-Founder & CEO

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.

About the Author

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.

About the Author
Ayush Pande
Reviewed by:
Ayush Pande
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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.

in
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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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
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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. 

‍



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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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