🚀 Binance April Proof of Reserves Update: PAXG Included for First Time!

Binance has released its April Proof of Reserves (PoR) report, confirming the continued full backing of user assets. This latest update underscores Binance's commitment to transparency and security for its users.

Key reserve ratios remain robust:
🔹 BTC: 100.03%
🔹 USDT: 105.62%
🔹 ETH: 100.00%
These figures demonstrate that user assets are fully collateralized.

Significantly, the gold-backed token PAX Gold (PAXG) has been included in the PoR for the first time. This addition diversifies the reported assets, bringing the total number of assets in the PoR to 49.

Month-over-month, user balances saw some adjustments. BTC balances decreased by approximately $840 million, while ETH balances fell by about $374 million. Despite these fluctuations, reserve ratios remain strong, consistently above 100%.