binanceupdate

Binance has announced an update to how its Proof of Reserves (PoR) data is presented across individual assets, as part of its ongoing commitment to transparency and ensuring that all user assets remain fully backed on a 1:1 basis.The exchange emphasized that the update is presentation-focused only and does not affect the safety, availability, or withdrawal functionality of user funds.What is changing in Binance’s Proof of ReservesThe update adjusts the scope of net account balances included in Proof of Reserves calculations to more accurately reflect all account balances on the platform.Previously, PoR net balances did not include certain platform-owned assets, which could result in inflated reserve ratios being displayed. The revised methodology incorporates these balances to provide a clearer and more accurate picture of Binance’s 1:1 backing.Binance said the change is designed to:Avoid confusion around reserve ratiosBetter reflect the economic reality of full backingHelp users more clearly understand what “1:1 fully backed” means in the context of Proof of ReservesWhy the update was madeBinance said Proof of Reserves is a digital-asset-native verification framework and remains a relatively new standard across the industry. The updated presentation reflects feedback from:UsersIndustry partnersExternal expertsThe exchange added that it continues to refine how PoR information is displayed to improve clarity and alignment with best practices.No impact on asset safety or withdrawalsBinance stressed that the update does not change:Custody of user assetsOn-chain verifiabilityWithdrawal availability“All account assets on Binance are always fully backed and can be verified on-chain at any time,” the company said.How users can verify 1:1 backingProof of Reserves is designed to allow independent verification by users. Binance uses a Merkle Tree system, enabling users to cryptographically confirm that their balances are included in the platform’s reserves.Users can access detailed instructions on how to verify their assets through Binance’s Proof of Reserves landing page, including explanations of Merkle Tree mechanics and verification steps.Ongoing commitment to transparencyBinance reiterated its commitment to:Maintaining full 1:1 asset backingImproving transparency standardsContinuously refining PoR disclosuresThe exchange thanked users for their continued trust and said it remains focused on keeping user funds SAFU.