#Binance Publishes Latest Proof of Reserves
@Binance has released its latest Proof of Reserves snapshot dated December 1, providing updated visibility into user asset balances and reaffirming full collateralization for custodial holdings.
Key user holdings include:
• 617,620 $BTC
• 4.04 million $ETH
• 39.42 million $BNB
• 34.30 billion $USDT
Month to month movements:
• $BTC increased 4.00%, reflecting continued accumulation.
• $ETH decreased 1.32%, marking steady outflows.
• $USDT decreased 1.24%, indicating reduced stablecoin balances.
• $BNB increased 4.06%, the strongest rise among major assets.
The Proof of Reserves system allows users to verify inclusion of their balances through a Merkle tree and zk SNARK process. All user assets remain backed 1 to 1, separate from corporate funds, and fully viewable in the public report.
Full snapshot: https://www.binance.com/en/proof-of-reserves
