Binance Releases 30th Proof-of-Reserves Report: Demonstrating Full Solvency & User Fund Transparency

Binance has published its 30th proof-of-reserves (PoR) report, bolstering transparency and confidence in the exchange’s financial health. The latest report confirms that Binance holds over $58 billion in Bitcoin and more than $82 billion in other cryptocurrencies, ensuring full solvency and user fund security. This regular disclosure comes amid increased demand for accountability within the crypto industry, particularly following the collapse of FTX late in 2022.