Cryptocurrency exchange Binance has published its 35th Proof of Reserves report, revealing information about its asset holdings as of October 1st. User balances have decreased compared to the previous month, but the exchange maintained an asset ratio exceeding 100% across all major assets. 591,000 BTC was reported for Bitcoin (BTC), a drop of approximately 16,200 BTC from the last report, while Ethereum (ETH) balance fell by 4.78%, reaching 4.13 million ETH. The exchange’s USDT holdings dropped by 3.10%, reaching 30.28 billion USDT. 103.50% for Bitcoin, 100.00% for Ethereum and 106.87% for USDT were the reserve ratios respectively. Other assets also exhibited high margin ratios, with LTC (112.90%), DOGE (106.71%), POL (108.63%), DOT (105.69%) and LINK (100.61%) showing significant excess reserves. 2022 FTX collapse prompted major exchanges to start publishing Proof of Reserves in an effort to build trust with users. This report is for informational purposes only, and does not constitute financial advice.