Binance co-founder Yi He says the exchange has moved $6.34bn of company funds into its user fund pool, with BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC now 100% reserve-backed. A full zero-knowledge proof is expected on 3 November.
Yi He says Binance has allocated $6.34bn of company funds to user pool
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The story so far: Binance proof-of-reserves holdings shift
Binance's October proof-of-reserves data showed user BTC holdings up about $537 million and ETH holdings down about $499 million. Yi He says further proof of reserves will be published once other altcoins are topped up, after a completed snapshot covering 10 tokens.
Binance October proof of reserves shows BTC holdings up $537m, ETH down $498m
Binance's October proof of reserves shows user BTC holdings rose $537m from September while ETH holdings fell $498m, according to on-chain analyst Ai Yi. BNB, USDC, XRP and USD1 ratios slipped slightly, while BTC and USDT ratios rose, all at 100% or above.
Binance user Bitcoin holdings rose $537m in September, ether fell $499m
Binance proof-of-reserves data shows user Bitcoin holdings rose about $537m in September 2026, up 0.91% to roughly 688,600 BTC, while ether holdings fell about $499m, or 4.61%. USDT balances fell 0.87% and BNB 0.77%; Binance did not give reasons or say whether…
Yi He says Binance has allocated $6.34bn of company funds to user pool
Binance co-founder Yi He says the exchange has moved $6.34bn of company funds into its user fund pool, with BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC now 100% reserve-backed. A full zero-knowledge proof is expected on 3 November.
Yi He says Binance will issue further proof of reserves after topping up altcoins
Binance co-founder Yi He says on X that further proof of reserves will be published for users to verify once other altcoins are topped up, after the completed snapshot covering 10 tokens.
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