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Here’s How Much XRP Binance Holds in Its Latest Proof-of-Reserves Report
The largest crypto exchange, Binance, has released its latest proof-of-reserves report, detailing increased holdings in Bitcoin and XRP. The latest report captures the exchange’s holdings as of August 1, 2025. Notably, Binance has been sharing details of the crypto assets under its custody monthly since November 2022 on the back of the FTX implosion.
Binance’s Bitcoin Portfolio
According to the report, Binance holds 591,163 BTC worth about $67 billion in customer deposits, while maintaining a BTC reserve of 608,639 tokens worth approximately $70 billion. This reflects a collateralization ratio of 102.96%.
USDT and Ethereum on Binance
After Bitcoin, USDT is the second-largest asset deposited by users on Binance. The exchange holds 29.855 billion USDT in user deposits and 30.55 billion USDT in its reserve, reflecting a holding ratio of 102.27%. As of July, Binance’s holding ratio for USDT was 101.11%, indicating a slight increase in its stablecoin reserves over the past 30 days.
Next is Ethereum (ETH). Specifically, Binance holds 4,555,013 ETH from users and 4,585,489 ETH in reserve, translating to a 100.67% holding ratio. In July, the Ethereum holding ratio was exactly 100%, suggesting an almost one-to-one match between user deposits and reserves.
BNB and XRP
Another dominant crypto asset on Binance is BNB, a coin closely associated with the exchange. Binance maintains 39.79 million BNB in user deposits and 44.46 million in reserves. This results in a significantly higher 111.74% collateralization ratio.
XRP also ranks among the top crypto assets stored by users on Binance. As of this month, Binance holds 2.675 billion XRP (worth $7.86 billion) in user deposits, while its reserves contain 2.754 billion XRP (worth $8.1 billion), reflecting a holding ratio of 102.96%.
In July, users had deposited 2.616 billion XRP, which, at its peak price that month, was valued at over $9.5 billion. While user deposits have increased by about 58.96 million XRP since then, the total dollar value has dropped due to XRP’s declining price. At press time, XRP is trading at $2.94, compared to $3.66 on July 18.
USDC: The Most Overcollateralized Asset
Among Binance’s top crypto asset holdings, USDC has the highest collateralization ratio. Specifically, users have deposited 5.22 billion USDC, while Binance holds 8.15 billion USDC in reserves, representing a massive 156% collateralization ratio. In July, the ratio stood at 152.65%, with an even larger volume of user deposits.
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