Shiba

Dogecoin

Shiba Inu

Reserve

<a href="https://www.newsbtc.com/binance/binance-sets-new-record-spot-trading-volume-reaches-427-billion/" rel="nofollow noopener" target="_blank">Binance</a>, one of the world’s largest cryptocurrency exchanges, has officially <a href="https://www.binance.com/en/proof-of-reserves" rel="nofollow noopener" target="_blank">released</a> its Proof Of Reserves (PoR), showcasing significant holdings in popular digital assets such as <a href="https://www.newsbtc.com/news/dogecoin/dogecoin-doge-path-to-0-2/" rel="nofollow noopener" target="_blank">Dogecoin (DOGE)</a>, <a href="https://bitcoinist.com/shiba-inu-burn-rate-shib-price/">Shiba Inu (SHIB)</a>, and XRP.&nbsp; 
<h2 id="binance-s-doge-and-shib-holdings-top-100">Binance’s DOGE And SHIB Holdings Top 100%</h2> 
On Thursday, February 1, 2024, Binance published its <a href="https://www.newsbtc.com/news/binance-upgrades-proof-of-reserves-verification-for-better-user-privacy/" rel="nofollow noopener" target="_blank">Proof of Reserve</a> audit, revealing the exclusive net balances of both customers and the exchange’s digital asset holdings. The showcased assets included leading cryptocurrencies such as <a href="https://www.newsbtc.com/news/boom-bitcoin-breaks-past-46000-eyes-50k-as-bullish-sentiment-returns/" rel="nofollow noopener" target="_blank">Bitcoin (BTC)</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-consolidates-2460/" rel="nofollow noopener" target="_blank">Ethereum (ETH)</a>.&nbsp; 
Bitcoin’s ratio stood at 102.49%, with the exchange holding a total of 609,477.128 BTC in its treasury and a customer net balance of 594,688.859 BTC, currently worth over $27.4 billion. Meanwhile, Ethereum’s ratio was 104.58%, with Binance holding approximately 4,353,718.384 ETH in net balance and a total customer net balance of 4,163,085.942 ETH, valued at more than $10.1 billion.&nbsp; 
Popular meme coins like DOGE and SHIB also took a significant position in Binance’s <a href="https://www.newsbtc.com/news/company/explore-the-million-dollar-crypto-portfolio-shared-by-top-traders/" rel="nofollow noopener" target="_blank">digital asset portfolio</a>. Dogecoin exhibited a ratio of 100.65%, boasting a treasury of about 12,202,610,586.421 DOGE and a customer net balance of 12,124,403,806.92 DOGE, valued at over $977 million.&nbsp; 
In contrast, Shiba Inu maintained a ratio of 103.64%, with a Binance net balance of 69,431,545,051,732.125 SHIB, and a total customer net balance of 66,995,801,414,557.41 SHIB, surpassing a valuation of more than $626 million. 
Binance’s considerable holdings in DOGE and SHIB underscore the widespread global appeal of these <a href="https://bitcoinist.com/guide-for-crypto-investors-7-memecoins-that-could-outperform-shiba-inu-in-2024/">meme coins</a>, offering insights into the cryptocurrencies experiencing increased demand among investors in the industry. Alongside these popular doggy-themed cryptocurrencies, major assets such as <a href="https://www.newsbtc.com/binance/binance-immense-xrp-holdings-exposed-in-detailed-proof-of-reserves-report/" rel="nofollow noopener" target="_blank">XRP</a> and <a href="https://www.newsbtc.com/news/from-outage-to-recovery-solana-price-bounces-back-with-network-restart-in-full-swing/" rel="nofollow noopener" target="_blank">Solana (SOL)</a>, as well as stablecoins like USDT and USDC, also hold a significant share in Binance’s diverse portfolio.&nbsp; 
XRP and SOL maintain ratios of 101.14% and 102.16%, respectively. The total customer net balance for both cryptocurrencies stands at 2,761,728,028.243, valued at over $1.4 billion for XRP, and 29,139,907.185, worth over $3 billion for SOL.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/619xuq3E/" alt="Dogecoin price chart from Tradingview.com (DOGE SHIB XRP Binance)" width="3286" height="1530"> 
<h2 id="binance-upholds-transparency-standards">Binance Upholds Transparency Standards</h2> 
<a href="https://bitcoinist.com/binance-new-proof-of-reserves/">Binance’s Proof of Reserve audit</a> provides a detailed account of the digital assets held in custody for customers. The crypto exchange has stated that the reserve specifically excludes Binance’s corporate holdings, which are recorded on a separate ledger.&nbsp; 
The release of the audit not only underscores <a href="https://bitcoinist.com/binance-launches-proof-of-reserves-system/">Binance’s dedication to transparency</a> but also serves as evidence of the exchange’s substantial presence in the global cryptocurrency market. Binance has also taken its transparency and security values a step further by utilizing an advanced cryptographic tool, the Merkle Tree. This tool enables users to verify their asset holdings on the exchange through their Merkle hash or record IDs.&nbsp;&nbsp;

Binance Releases Proof Of Reserves: Here’s How Much DOGE, SHIB, And XRP It Holds

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