The latest report indicates that Binance holds 606,356 BTC for its users, demonstrating a reserve ratio of 102.11%. Additionally, the exchange maintains reserves of 4.09 million ETH with a 100.00% ratio, 37.88 million BNB at 112.95%, and 34.73 billion USDT with a 107.45% reserve ratio.
A reserve ratio exceeding 100% signifies that Binance possesses more assets than it owes to its customers. This provides a crucial layer of assurance for users, reinforcing confidence in the exchange's capacity to fulfill withdrawal requests at any given time.
Proof of Reserves: Why It Matters
Proof of Reserves (PoR) is a public audit process designed to verify an exchange's on-chain assets against customer balances. This practice gained significant traction and became a standard expectation within the industry following the collapse of FTX in late 2022, an event that severely impacted investor confidence across the cryptocurrency landscape. Since then, users have increasingly demanded transparent proof that exchanges indeed hold the digital assets they claim to manage.
Our #Binance Proof of Reserves (PoR) mechanism allows anyone to check that our user assets are backed 1:1.
Check out this month’s PoR here 👉 https://t.co/nspWeaiiO1pic.twitter.com/THe2b08qo6
— Binance (@binance) November 7, 2025
Binance was among the pioneering major exchanges to implement PoR audits in response to these growing concerns. The exchange employs cryptographic techniques, such as Merkle trees, which enable users to independently verify their balances without compromising their personal data. This commitment to both security and transparency has been instrumental in helping Binance maintain its credibility, even as regulatory bodies globally intensify their scrutiny of crypto platforms.
Binance released its latest Proof of Reserves snapshot (as of Nov 1). Binance reports 606,356 BTC held for users (reserve ratio 102.11%), 4.09 million ETH (100.00%), 37.88 million BNB (112.95%), and 34.73 billion USDT (107.45%). https://t.co/jGCPnwcv0jpic.twitter.com/NI1OFII4vW
— Wu Blockchain (@WuBlockchain) November 7, 2025
The release of Binance's November report coincides with a resurgence in global trading volumes. Data from CoinMarketCap indicates that daily cryptocurrency exchange activity has increased by nearly 35% over the last quarter, reflecting a renewed sense of optimism among investors amidst a recovering market. Binance's robust reserve ratios suggest it is well-positioned to accommodate this increasing demand.
Market Insights and Future Outlook
Binance also published its crypto market insights for November. Following a challenging October, which saw a market decline of 6.1%—the first red October since 2018—investors are actively seeking market direction. This downturn was preceded by a substantial liquidation event totaling US$19 billion and uncertainty stemming from the U.S. government shutdown. While the Federal Reserve's 25-basis-point rate cut provided temporary relief, it was accompanied by a cautious outlook. Concurrently, Bitcoin's dominance rose to 59.4%, indicating a flight to safety, while institutional interest in Ethereum remained steady.
Time to look at November’s market insights!
Discover the current market landscape and key insights on:
🔸 Market Sentiment
🔸 x402 Activity
🔸 On-Chain Privacy
🔸 AI x Crypto Trading
…and more.Read here ➡️ https://t.co/NKimmECCfrpic.twitter.com/l4H27rIAUb
— Binance Research (@BinanceResearch) November 6, 2025
New financial products, such as Bitwise's Solana Staking ETF, have attracted significant inflows, signaling growing confidence in next-generation blockchain networks. As November progresses, potential easing of U.S.-China trade tensions and the Federal Reserve's intention to conclude quantitative tightening in December could stimulate a market rebound. Key areas to monitor this month include overall market sentiment, x402 activity, developments in on-chain privacy, and the rapidly evolving intersection of artificial intelligence and crypto trading.