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Binance updates Proof-of-Reserves system to add 11 new tokens

Published date:

February 2, 2026

Binance updates Proof-of-Reserves system to add 11 new tokens

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Binance’s blog post said, “On Binance, user funds are always collateralized at a 1:1 ratio, plus additional reserves.”

Binance has upgraded its Proof-of-Reserves (PoR) system to allow users to verify their assets for 11 new tokens. The newly added coins include WazirX (WZX), 1Inch (1INCH), Mask Network (MASK), Enjin Coin (ENJ), The Graph (GRT), Dogecoin (DOGE) and Curve DAO token (CRV), among others.

This brings the total number of verifiable tokens on Binance's PoR system to 24 coins.

Our Proof-of-Reserves just got an update.

We have now increased the number of tokens we cover by 11, to a total of 24.

Find out more about our Proof-of-Reserves and this recent update with the blog below.https://t.co/4kKWhkNK3q
— Binance (@binance) March 7, 2023

According to its blog post, Binance held over $63B worth of verifiable crypto assets on its platform at the beginning of March. The snapshot dated March 1 revealed that users funds on the exchange are collateralized at a 1:1 ratio, with additional reserves in its on-chain balance.

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Binance holds an excess of USD Coin (USDC), with the stablecoin’s reserve ratio surpassing 5490%. The exchange’s on-chain Bitcoin (BTC) holdings amount to $12.4B while its Ethereum (ETH) assets range around the $6.99B mark.

It is worth mentioning that Binance’s PoR report has not been audited by third-party accounting firms. This is because Mazars, the firm responsible for auditing the exchange's PoR report, stopped offering services to crypto platforms after December 2022.

Written by

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

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Ayush Pande

Written by:

Ayush Pande

Writer

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

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