Exchange Binance reported that user assets exceeded $100 billion as of March 18, according to the 16th proof-of-reserves (PoR) snapshot. This growth is attributed not only to Binance's commitment to hold user funds at a 1:1 ratio with additional reserves, but also to the recent rise in digital asset prices.

Binance's PoR system shows a coverage ratio of over 100% for all major cryptocurrencies and altcoins. The exchange holds over 103% of Bitcoin (BTC) deposited by users, indicating reserves are fully matched to user deposits and an additional 3% in reserve.