Binance has announced an update to how its Proof of Reserves (PoR) information is presented across individual digital assets, as part of what the company described as an ongoing effort to improve transparency and accuracy.
According to Binance, the change – announced in an email update to users – involves adjusting the scope of net account balances included in its Proof of Reserves calculations. It said the revised approach is intended to more accurately reflect all account balances held on the platform.
Previously, the reported net account balances did not include Binance’s own assets, which the company said resulted in an inflated reserve ratio.
By expanding the scope of balances included, Binance aims to show more clearly that it backs customer assets on a 1:1 basis.
The company stated that the update does not affect the safety, availability, or withdrawal functionality of user assets. Binance said that customer assets remain fully backed on a one-to-one basis and can be verified on-chain.
Binance noted Proof of Reserves is a relatively new verification method within the digital asset industry and that the revised presentation reflects feedback from users, partners, and industry participants. The platform indicated it will continue refining how PoR information is displayed.
To allow users to independently verify that their assets are fully backed, Binance uses a Merkle Tree system.
This mechanism enables users to confirm their account balances as part of the Proof of Reserves framework, with additional information available through the company’s PoR resources.
Binance stated that it remains committed to transparency and to strengthening safeguards for customer funds.
