Binance Releases May Proof of Reserves Update, BTC Reserve Ratio Reaches 100.22%

Odaily reports that Binance has released its May Proof of Reserves update. As of May 1st, users' net BTC balance was 606,742.388 BTC, while Binance's wallet balance was 608,067.979 BTC, resulting in a BTC reserve ratio of 100.22%.

Additionally, users' net ETH balance was 3,762,321.834 ETH, with Binance's wallet balance at 3,762,328.82 ETH, achieving an ETH reserve ratio of 100%. The USDT reserve ratio was 104.27%, and the BNB reserve ratio was 101.68%.