Binance, the world's biggest cryptocurrency exchange, released its most recent report on reserves. Reserves are checked and validated using zero-knowledge proof each month from the first to the first. After the collapse of FTX, steps like these were taken by other exchanges to rebuild trust among customers.

Investors closely watch Binance's reserves since it generates a lot of trading volume. For every altcoin, it is required to keep assets in a 1:1 ratio, and failing to do so could lead to a collapse similar to that of FTX. According to WuBlockchain, the latest reserve report shows the following changes:

- BTC assets of users have grown by 2.28%, equal to 12,970 BTC, totaling 581,758 since the prior report.

- ETH assets have decreased by 1.97%, or 87,796 ETH, summing up to 4.358 million.

- User's USDT assets have surged to 22.85 billion, indicating an 8.01% increase, approximately equating to 1.69 billion dollars.

- BNB assets have risen by 3.70%, and User SOL assets by 2.78%.

- DeFiLlama states that Binance's overall reserve size has hit 118.5 billion dollars, showing a net inflow of 6.49 billion dollars from the previous month.