Binance has just released its latest proof-of-reserves report, and it shows that the exchange is quietly stacking up more of Ripple’s XRP. The report, which covers Binance’s asset holdings as of August 1, 2025, was shared by crypto analyst TheCryptoBasic in a series of posts on X.
Since the collapse of FTX in 2022, Binance has been publishing monthly updates on the crypto it holds in reserve. These updates help users see how well the exchange is backing customer deposits. This month’s report shows growth in XRP, Bitcoin, Binance Coin, and several stablecoins.
What you'll learn 👉
Ripple and XRP: Binance Increases Its XRP Holdings
According to TheCryptoBasic, Binance now holds 2.754 billion XRP in its reserves. That’s more than the 2.675 billion XRP deposited by users, giving it a 102.96% holding ratio. This means Binance has slightly more XRP in reserve than what users have on the platform.
Back in July, users had deposited 2.616 billion XRP. So there has been an increase of nearly 59 million XRP since then. However, XRP price has dropped from $3.66 on July 18 to $2.94 at the time of this report. That price dip means the total dollar value of XRP on Binance has gone down, even though more tokens were added.
Still, the fact that Binance is adding more XRP shows that interest in Ripple’s token is not fading. TheCryptoBasic sees this as a sign that users are still confident in XRP, even during the price drop.
Bitcoin and BTC: More Deposits and Stronger Reserves
Bitcoin remains the largest asset on Binance. As of August 1, the exchange holds 591,163 BTC in user deposits and 608,639 BTC in reserve. That gives a 102.96% reserve ratio, meaning user deposits are fully backed and then some.
This is a step up from July, when user deposits were at 573,996 BTC and reserves were at 588,385 BTC. Both numbers have gone up, showing more people are using Binance to store or move Bitcoin.
However, TheCryptoBasic also noted that when more BTC flows into exchanges, it can mean people are preparing to sell. This might explain some of the recent drops in Bitcoin’s price after its all-time high last month.
Binance Holds 2.754 Billion $XRP in Its Latest Proof-of-Reserves Report. #Ripple 🧵🧵🧵 pic.twitter.com/WVJflujkcH
— TheCryptoBasic (@thecryptobasic) August 6, 2025
Binance Coin (BNB), Ethereum, and Stablecoins Also Growing
Binance is also holding a lot of BNB, its own native coin. User deposits total 39.79 million BNB, while Binance has 44.46 million in reserve. That’s a high collateral ratio of 111.74%, which shows strong backing.
Ethereum deposits on Binance stand at 4.55 million ETH, with reserves at 4.58 million. That gives a 100.67% holding ratio, up slightly from last month’s perfect match of 100%.
For stablecoins, Binance holds 29.85 billion USDT in user deposits and 30.55 billion in reserves. That’s a 102.27% ratio, also higher than July’s 101.11%. But the biggest jump comes with USDC. Users have deposited 5.22 billion USDC, while Binance holds 8.15 billion, giving a very high reserve ratio of 156%. In July, that number was 152.65%.
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Binance’s latest report shows the exchange is increasing its reserves across major tokens. Ripple’s XRP stands out with strong growth in both reserves and user deposits, despite the recent price drop. Bitcoin, Binance Coin, and stablecoins like USDT and USDC also show healthy reserve levels.
According to TheCryptoBasic, this kind of activity tells us a lot about user behavior and Binance’s strategy. It shows that people are still actively using the exchange, and Binance is making sure it has enough assets in reserve to cover all user deposits, and then some.
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