Binance, the world’s leading cryptocurrency exchange, has released its latest proof-of-reserve report, aiming to rebuild trust following FTX’s recent bankruptcy. This report details the reserves of various cryptocurrencies and provides transparency into Binance’s financial health. According to the report, Binance’s holdings are overcollateralized for major assets like Bitcoin (BTC), USDT, Ethereum (ETH), and BNB. Notably, over 100% of their holdings are backed by user assets in many cases. The report highlights a snapshot taken on September 1st, showcasing various cryptocurrencies, including Bitcoin (BTC), USDT, Ethereum (ETH), BNB, Solana (SOL), FDUSD, CHR, ENJ, 1INCH, CRV, MASK, HFT, BUSD, AAVE, BOME, Ethena (ENA), FORM, Hedera (HBAR), NEAR, EPNDLE, Pepecoin (PEPE), S, and SUI. The report reveals a notable increase in user Bitcoin holdings, with an overall growth of 2.85%. USDT holdings also saw an increase of 4.6%, reaching 31.25 billion. Meanwhile, BNB holdings decreased by 1.2%, reaching 39.3 million, while Ethereum assets witnessed a decline of 4.7% and fell to 4.34 million.