TechFlow reports that Binance has released its twelfth Proof of Reserve based on the Merkle Tree (snapshot date November 1), demonstrating that Binance holds sufficient funds to cover all user assets at a 1:1 ratio, with the following details:
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BTC net user asset balance was 584,000 BTC, down 0.72% from 588,000 BTC in October;
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ETH net user asset balance was 3.91 million ETH, up 2.25% from the previous 3.83 million ETH;
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USDT net user asset balance was 15.27 billion USDT, down 0.29% from the prior 15.31 billion USDT;
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BNB net user asset balance was 31.216 million BNB, up 6.42% from the previous 29.334 million BNB.
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