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The 110% Rule: Why CZ’s Success Formula Explains What Most Crypto Traders Get Wrong
CZ shared one of the most important investment lessons of 2025 and most people missed it.
During his interview on the All In Podcast, he said something simple that explains why most traders fail while a few build lasting wealth:
Push yourself just a little bit each day; 110% to 130% not more. Stay in that zone. Persist for thirty years.
That’s it.
Not 10x leverage.
Not chasing the next 100x altcoin.
Not trading 18 hours a day.
Just 110–130%. Every day. For decades.
The hard truth? Most people in crypto try to do 1000% in a week, burn out in a month, and disappear within a year. Let’s break this down.
The Power of Moderate, Consistent Effort.
When CZ says 110–130%, he’s not talking about returns. He’s talking about effort.
Think of 100% as average behavior:
Checking prices randomlyBuying when it feels safeSelling when scaredNo real learning and repeating mistakes
110–130% is just slightly better:
Reading one solid article per dayReviewing one mistake per weekLearning one new concept per month
It doesn’t sound dramatic. That’s the point.
The Math of Compounding Improvement
If you improve your knowledge and decision-making by just 10% per year, here’s what happens:
Year 1: 1.0 → 1.10
Year 5: 1.61
Year 10: 2.59
Year 20: 6.73
Year 30: 17.45
After 30 years, you’re 17 times better than when you started. Not because of extreme effort but because of steady improvement.
Now compare that to the typical crypto sprint:
Month 1: Obsession
Month 2: Exhaustion
Month 3: Emotional mistakes
Month 6: Burnout
Year 2: Gone
They tried to sprint a marathon. CZ walked it with slightly faster steps.
Why 130% Is The Maximum (Not The Minimum)
Here’s what most people get wrong about the 110-130% rule: they think it’s a floor. “Oh, I should do AT LEAST 130%. Better do 200% to be safe!”
No. 130% is the CEILING. Go above it and you break the system.
CZ specifically said: Over-forcing only leads to burnout.
Here’s what burnout looks like:
Checking charts at 3 AMTrading daily without a systemSleeping less than 6 hoursEmotional decisionsLifestyle pressureEventually blowing up accounts
You can’t sustain that for years. But 5–7 focused hours per week? That’s sustainable for decades.
The Real Edge: Surviving Cycles
Crypto has crashed over 70% multiple times: 2013–2014, 2017–2018, 2021–2022.
Each time, most participants disappeared. The people who stayed weren’t the smartest. They were the most sustainable.
They:
Kept their jobsSlept properlyAvoided leverageContinued learningStayed solvent
When the next cycle came, they were ready. That’s the edge.
The Question That Changes Everything
Ask yourself:
Is what I’m doing right now sustainable for 30 years?
If the answer is no, you’re above 130%. Scale back because the person doing 130% for 30 years will outlast, outlearn, and out-earn the person doing 300% for 6 months, then quitting.
Your Two Paths
Path 1:
OvertradeOver-stressBurn outQuit
Path 2:
Learn dailyImprove steadilyStay in the gameWin by surviving
CZ chose Path 2. The question is: which path are you on?
Final Thought
The 110–130% rule isn’t about doing less. It’s about doing what you can sustain long enough to win. Survival is the strategy and Sustainability is the edge.
110–130%.
Every day.
For 30 years.
That’s the whole game.
For those who missed the podcast, you can watch it here
During his interview on the All In Podcast, he said something simple that explains why most traders fail while a few build lasting wealth:
Push yourself just a little bit each day; 110% to 130% not more. Stay in that zone. Persist for thirty years.
That’s it.
Not 10x leverage.
Not chasing the next 100x altcoin.
Not trading 18 hours a day.
Just 110–130%. Every day. For decades.
The hard truth? Most people in crypto try to do 1000% in a week, burn out in a month, and disappear within a year. Let’s break this down.
The Power of Moderate, Consistent Effort.
When CZ says 110–130%, he’s not talking about returns. He’s talking about effort.
Think of 100% as average behavior:
Checking prices randomlyBuying when it feels safeSelling when scaredNo real learning and repeating mistakes
110–130% is just slightly better:
Reading one solid article per dayReviewing one mistake per weekLearning one new concept per month
It doesn’t sound dramatic. That’s the point.
The Math of Compounding Improvement
If you improve your knowledge and decision-making by just 10% per year, here’s what happens:
Year 1: 1.0 → 1.10
Year 5: 1.61
Year 10: 2.59
Year 20: 6.73
Year 30: 17.45
After 30 years, you’re 17 times better than when you started. Not because of extreme effort but because of steady improvement.
Now compare that to the typical crypto sprint:
Month 1: Obsession
Month 2: Exhaustion
Month 3: Emotional mistakes
Month 6: Burnout
Year 2: Gone
They tried to sprint a marathon. CZ walked it with slightly faster steps.
Why 130% Is The Maximum (Not The Minimum)
Here’s what most people get wrong about the 110-130% rule: they think it’s a floor. “Oh, I should do AT LEAST 130%. Better do 200% to be safe!”
No. 130% is the CEILING. Go above it and you break the system.
CZ specifically said: Over-forcing only leads to burnout.
Here’s what burnout looks like:
Checking charts at 3 AMTrading daily without a systemSleeping less than 6 hoursEmotional decisionsLifestyle pressureEventually blowing up accounts
You can’t sustain that for years. But 5–7 focused hours per week? That’s sustainable for decades.
The Real Edge: Surviving Cycles
Crypto has crashed over 70% multiple times: 2013–2014, 2017–2018, 2021–2022.
Each time, most participants disappeared. The people who stayed weren’t the smartest. They were the most sustainable.
They:
Kept their jobsSlept properlyAvoided leverageContinued learningStayed solvent
When the next cycle came, they were ready. That’s the edge.
The Question That Changes Everything
Ask yourself:
Is what I’m doing right now sustainable for 30 years?
If the answer is no, you’re above 130%. Scale back because the person doing 130% for 30 years will outlast, outlearn, and out-earn the person doing 300% for 6 months, then quitting.
Your Two Paths
Path 1:
OvertradeOver-stressBurn outQuit
Path 2:
Learn dailyImprove steadilyStay in the gameWin by surviving
CZ chose Path 2. The question is: which path are you on?
Final Thought
The 110–130% rule isn’t about doing less. It’s about doing what you can sustain long enough to win. Survival is the strategy and Sustainability is the edge.
110–130%.
Every day.
For 30 years.
That’s the whole game.
For those who missed the podcast, you can watch it here
How Stablecoins Became the Backbone of Finance in 2025
Something important changed in 2025, but it didn’t happen with a market crash or a price pump.
It happened quietly.
While most people were focused on charts and short-term trades, stablecoins; the most boring part of crypto became one of the most important pieces of global finance.
Digital dollars crossed from “crypto tools” into real financial infrastructure.
What Actually Changed
At the start of 2025, stablecoins had a market cap of about $200 billion.
By mid-year, that number grew to $280 billion.
This wasn’t speculative money. It was working capital used for payments, remittances, treasury management, and cross-border business.
In 2025 alone, stablecoins processed over $4 trillion in transactions, putting them in the same league as traditional payment networks.
Why Institutions Finally Stepped In
The turning point came in July 2025 with the passing of the GENIUS Act in the U.S.
For the first time, stablecoins had clear rules: full reserves, transparency, and regulatory oversight. That clarity unlocked institutional participation almost immediately.
Banks expanded stablecoin operations.
Payment companies integrated them.
Businesses started using them, not because they’re “crypto-friendly,” but because stablecoins are faster and cheaper.
The Simple Problem Stablecoins Solve
Sending money across borders with banks can take days and cost up to 6% in fees.
With stablecoins:
Transfers settle in minutesFees drop below 1%No middlemen slowing things down
For businesses moving large sums, the savings are massive. The math makes sense, so adoption followed.
Where Binance Fits In
Binance users now hold the largest share of major stablecoins: USDT, USDC, USD1, and others compared to any other centralized exchange.
That’s not hype. It’s a reflection of where liquidity and trust already exist.
As stablecoins became financial infrastructure, they naturally concentrated on platforms built to handle scale, compliance, and volume.
https://x.com/cz_binance/status/2021157754342142193
What This Means Going Forward
Stablecoins are no longer just a crypto use case. They’re becoming default money rails.
Businesses use them to move capitalInstitutions use them to settle paymentsEveryday users use them to store and transfer value
2025 will be remembered as the year stablecoins stopped being “a crypto thing” and became a finance thing.
The shift already happened.
The real question is whether you’re paying attention or still waiting for a headline to tell you it matters.
It happened quietly.
While most people were focused on charts and short-term trades, stablecoins; the most boring part of crypto became one of the most important pieces of global finance.
Digital dollars crossed from “crypto tools” into real financial infrastructure.
What Actually Changed
At the start of 2025, stablecoins had a market cap of about $200 billion.
By mid-year, that number grew to $280 billion.
This wasn’t speculative money. It was working capital used for payments, remittances, treasury management, and cross-border business.
In 2025 alone, stablecoins processed over $4 trillion in transactions, putting them in the same league as traditional payment networks.
Why Institutions Finally Stepped In
The turning point came in July 2025 with the passing of the GENIUS Act in the U.S.
For the first time, stablecoins had clear rules: full reserves, transparency, and regulatory oversight. That clarity unlocked institutional participation almost immediately.
Banks expanded stablecoin operations.
Payment companies integrated them.
Businesses started using them, not because they’re “crypto-friendly,” but because stablecoins are faster and cheaper.
The Simple Problem Stablecoins Solve
Sending money across borders with banks can take days and cost up to 6% in fees.
With stablecoins:
Transfers settle in minutesFees drop below 1%No middlemen slowing things down
For businesses moving large sums, the savings are massive. The math makes sense, so adoption followed.
Where Binance Fits In
Binance users now hold the largest share of major stablecoins: USDT, USDC, USD1, and others compared to any other centralized exchange.
That’s not hype. It’s a reflection of where liquidity and trust already exist.
As stablecoins became financial infrastructure, they naturally concentrated on platforms built to handle scale, compliance, and volume.
https://x.com/cz_binance/status/2021157754342142193
What This Means Going Forward
Stablecoins are no longer just a crypto use case. They’re becoming default money rails.
Businesses use them to move capitalInstitutions use them to settle paymentsEveryday users use them to store and transfer value
2025 will be remembered as the year stablecoins stopped being “a crypto thing” and became a finance thing.
The shift already happened.
The real question is whether you’re paying attention or still waiting for a headline to tell you it matters.
Definitely means something
Crazy crypto moment today 👀
Someone just sent 2.56 BTC to Satoshi Nakamoto’s wallet — yes, that Satoshi.
Before anyone panics:
Satoshi is not back
He didn’t sell anything
Anyone can send BTC to any address on the blockchain
His original coins (over 1 million BTC) are still untouched since day one.
Most likely this was just someone paying tribute, burning coins, or trying to create hype in the market.
But imagine if Satoshi actually moved his coins… the market would probably go insane.
#Bitcoin #SatoshiNakamoto
$CHESS $AXS
Someone just sent 2.56 BTC to Satoshi Nakamoto’s wallet — yes, that Satoshi.
Before anyone panics:
Satoshi is not back
He didn’t sell anything
Anyone can send BTC to any address on the blockchain
His original coins (over 1 million BTC) are still untouched since day one.
Most likely this was just someone paying tribute, burning coins, or trying to create hype in the market.
But imagine if Satoshi actually moved his coins… the market would probably go insane.
#Bitcoin #SatoshiNakamoto
$CHESS $AXS
THE LESSON FTX TAUGHT ME, THAT BINANCE ACTUALLY PASSED
I didn’t find Binance Square the way most people claim they did, It actually started with a tweet.
I was scrolling, half bored, half curious, when I came across YellowPanther’s post on X. You know those tweets that don’t try too hard, but still make you pause? That was it. He was talking about Binance Square; not as some shiny new feature, but as a place where conversations actually happen. Real takes. Real builders. Real learners.
Anyway, I ended up on Binance Square, and there was this post about something that happened back in 2022 that I’d completely missed; the moment when Binance actually proved they had everyone’s money.
The Story Nobody Talks About Enough
You remember FTX collapsing in November 2022, right? That whole disaster where billions just… vanished? Everyone was freaking out. People were pulling funds from every exchange, convinced they were all running the same scam. The fear was real.
I was terrified too. I had most of my savings on Binance, and I remember thinking, “Am I about to lose everything?”
But here’s what I learned from that Binance Square rabbit hole: while other exchanges were going radio silent or making excuses, Binance did something nobody expected. CZ (Changpeng Zhao) announced they were going to publish Proof of Reserves and not just once, but on a recurring basis.
Now, I know what you’re thinking: “Proof of Reserves, big deal.” But stick with me.
On December 7, 2022, Binance published their first full Proof of Reserves report, audited by Mazars (a legitimate global accounting firm). The report showed they held 101% of Bitcoin deposits, meaning they actually had more BTC than users had deposited. For Ethereum, it was 103%. For USDT, 104%.
Let that sink in.
Why This Hit Different for Me
Reading about this on Binance Square made me realize something embarrassing: I’d been in crypto for two years and had never once checked whether the exchange holding my money could actually… you know… give it back. It’s like keeping your money in a bank and never checking if the bank is solvent. Wild.
But here’s what really got me: Binance could have done what many others did. They could have stayed vague, made promises, relied on marketing. The minimum effort. Instead, they opened their books and invited scrutiny. Why? Because when you’re running a real business and not a Ponzi scheme, transparency is your best defense.
There’s a quote from CZ around that time that stuck with me: “Banks know how much money they hold. Binance knows how much crypto we hold. This should not be a secret.” (Source: Binance official blog, December 2022)
When you put it that way, it feels obvious.
The Part That Changed My Whole Approach
As I kept reading on Binance Square, I noticed something different. People weren’t reacting emotionally; they were breaking down reports, asking smart questions, and actually analyzing data.
One post that stood out to me explained how Binance maintains a 1:1 reserve ratio for customer deposits plus an emergency buffer. These reports are updated monthly. On top of that, Binance built a Merkle Tree verification system that allows users to verify that their specific balances are included in the reserves.
You can literally go to Binance’s website, grab your account hash, and confirm your funds are part of the reserves. How many exchanges let you do that?
The Bigger Picture I Was Missing
After FTX, the entire industry had to grow up. Regulators started paying attention. Users got smarter. And Binance was already ahead of the curve because transparency had been baked into their infrastructure.
Today, Binance is the largest crypto exchange in the world by trading volume, handling an estimated $76 trillion in trades in 2024, according to CoinGecko. That doesn’t happen by accident. It happens when people trust you with their money; and you don’t betray that trust.
I’m not saying Binance is perfect, and I’m definitely not saying you should blindly trust anyone. That’s actually the opposite of what I learned. The point is this: the tools are there. The information is there. You just have to use it.
Why I’m Telling You This
Because I see people making the same mistakes I made. Chasing pumps. Ignoring fundamentals. Trusting blindly instead of verifying. And when something goes wrong, they’re shocked; like it came out of nowhere. But the warning signs were always there. The information was always available.
If you’re reading this and you have funds on any exchange, Binance or otherwise; go check if they publish Proof of Reserves. If they don’t, ask yourself why. And maybe consider moving your funds somewhere that does.
It’s not sexy advice. It won’t make you rich overnight. But it might save you from losing everything when the next crisis hits.Because there will be another crisis. There always is. And when it comes, you want to be on the platform that’s been preparing for it all along, not the one hoping it never happens.
Sources for the curious:
Binance Proof of Reserves System CZ’s December 2022 transparency announcement (Binance official blog)Binance 2024 trading volume data via CoinGecko and CoinMarketCapMazars Proof of Reserves audit reports (December 2022–November 2023)
That one tweet from YellowPanther on X led me to Binance Square and from there, to actually understanding everything I’ve talked about here. Sometimes the best investments aren’t the coins you buy, but the time you spend educating yourself.
Your turn. Go check those reserves.
I was scrolling, half bored, half curious, when I came across YellowPanther’s post on X. You know those tweets that don’t try too hard, but still make you pause? That was it. He was talking about Binance Square; not as some shiny new feature, but as a place where conversations actually happen. Real takes. Real builders. Real learners.
Anyway, I ended up on Binance Square, and there was this post about something that happened back in 2022 that I’d completely missed; the moment when Binance actually proved they had everyone’s money.
The Story Nobody Talks About Enough
You remember FTX collapsing in November 2022, right? That whole disaster where billions just… vanished? Everyone was freaking out. People were pulling funds from every exchange, convinced they were all running the same scam. The fear was real.
I was terrified too. I had most of my savings on Binance, and I remember thinking, “Am I about to lose everything?”
But here’s what I learned from that Binance Square rabbit hole: while other exchanges were going radio silent or making excuses, Binance did something nobody expected. CZ (Changpeng Zhao) announced they were going to publish Proof of Reserves and not just once, but on a recurring basis.
Now, I know what you’re thinking: “Proof of Reserves, big deal.” But stick with me.
On December 7, 2022, Binance published their first full Proof of Reserves report, audited by Mazars (a legitimate global accounting firm). The report showed they held 101% of Bitcoin deposits, meaning they actually had more BTC than users had deposited. For Ethereum, it was 103%. For USDT, 104%.
Let that sink in.
Why This Hit Different for Me
Reading about this on Binance Square made me realize something embarrassing: I’d been in crypto for two years and had never once checked whether the exchange holding my money could actually… you know… give it back. It’s like keeping your money in a bank and never checking if the bank is solvent. Wild.
But here’s what really got me: Binance could have done what many others did. They could have stayed vague, made promises, relied on marketing. The minimum effort. Instead, they opened their books and invited scrutiny. Why? Because when you’re running a real business and not a Ponzi scheme, transparency is your best defense.
There’s a quote from CZ around that time that stuck with me: “Banks know how much money they hold. Binance knows how much crypto we hold. This should not be a secret.” (Source: Binance official blog, December 2022)
When you put it that way, it feels obvious.
The Part That Changed My Whole Approach
As I kept reading on Binance Square, I noticed something different. People weren’t reacting emotionally; they were breaking down reports, asking smart questions, and actually analyzing data.
One post that stood out to me explained how Binance maintains a 1:1 reserve ratio for customer deposits plus an emergency buffer. These reports are updated monthly. On top of that, Binance built a Merkle Tree verification system that allows users to verify that their specific balances are included in the reserves.
You can literally go to Binance’s website, grab your account hash, and confirm your funds are part of the reserves. How many exchanges let you do that?
The Bigger Picture I Was Missing
After FTX, the entire industry had to grow up. Regulators started paying attention. Users got smarter. And Binance was already ahead of the curve because transparency had been baked into their infrastructure.
Today, Binance is the largest crypto exchange in the world by trading volume, handling an estimated $76 trillion in trades in 2024, according to CoinGecko. That doesn’t happen by accident. It happens when people trust you with their money; and you don’t betray that trust.
I’m not saying Binance is perfect, and I’m definitely not saying you should blindly trust anyone. That’s actually the opposite of what I learned. The point is this: the tools are there. The information is there. You just have to use it.
Why I’m Telling You This
Because I see people making the same mistakes I made. Chasing pumps. Ignoring fundamentals. Trusting blindly instead of verifying. And when something goes wrong, they’re shocked; like it came out of nowhere. But the warning signs were always there. The information was always available.
If you’re reading this and you have funds on any exchange, Binance or otherwise; go check if they publish Proof of Reserves. If they don’t, ask yourself why. And maybe consider moving your funds somewhere that does.
It’s not sexy advice. It won’t make you rich overnight. But it might save you from losing everything when the next crisis hits.Because there will be another crisis. There always is. And when it comes, you want to be on the platform that’s been preparing for it all along, not the one hoping it never happens.
Sources for the curious:
Binance Proof of Reserves System CZ’s December 2022 transparency announcement (Binance official blog)Binance 2024 trading volume data via CoinGecko and CoinMarketCapMazars Proof of Reserves audit reports (December 2022–November 2023)
That one tweet from YellowPanther on X led me to Binance Square and from there, to actually understanding everything I’ve talked about here. Sometimes the best investments aren’t the coins you buy, but the time you spend educating yourself.
Your turn. Go check those reserves.
THE LESSON FTX TAUGHT ME, THAT BINANCE ACTUALLY PASSED
I didn’t find Binance Square the way most people claim they did, It actually started with a tweet.
I was scrolling, half bored, half curious, when I came across YellowPanther’s post on X. You know those tweets that don’t try too hard, but still make you pause? That was it. He was talking about Binance Square; not as some shiny new feature, but as a place where conversations actually happen. Real takes. Real builders. Real learners.
Anyway, I ended up on Binance Square, and there was this post about something that happened back in 2022 that I’d completely missed; the moment when Binance actually proved they had everyone’s money.
The Story Nobody Talks About Enough
You remember FTX collapsing in November 2022, right? That whole disaster where billions just… vanished? Everyone was freaking out. People were pulling funds from every exchange, convinced they were all running the same scam. The fear was real.
I was terrified too. I had most of my savings on Binance, and I remember thinking, “Am I about to lose everything?”
But here’s what I learned from that Binance Square rabbit hole: while other exchanges were going radio silent or making excuses, Binance did something nobody expected. CZ (Changpeng Zhao) announced they were going to publish Proof of Reserves and not just once, but on a recurring basis.
Now, I know what you’re thinking: “Proof of Reserves, big deal.” But stick with me.
On December 7, 2022, Binance published their first full Proof of Reserves report, audited by Mazars (a legitimate global accounting firm). The report showed they held 101% of Bitcoin deposits, meaning they actually had more BTC than users had deposited. For Ethereum, it was 103%. For USDT, 104%.
Let that sink in.
Why This Hit Different for Me
Reading about this on Binance Square made me realize something embarrassing: I’d been in crypto for two years and had never once checked whether the exchange holding my money could actually… you know… give it back. It’s like keeping your money in a bank and never checking if the bank is solvent. Wild.
But here’s what really got me: Binance could have done what many others did. They could have stayed vague, made promises, relied on marketing. The minimum effort. Instead, they opened their books and invited scrutiny. Why? Because when you’re running a real business and not a Ponzi scheme, transparency is your best defense.
There’s a quote from CZ around that time that stuck with me: “Banks know how much money they hold. Binance knows how much crypto we hold. This should not be a secret.” (Source: Binance official blog, December 2022)
When you put it that way, it feels obvious.
The Part That Changed My Whole Approach
As I kept reading on Binance Square, I noticed something different. People weren’t reacting emotionally; they were breaking down reports, asking smart questions, and actually analyzing data.
One post that stood out to me explained how Binance maintains a 1:1 reserve ratio for customer deposits plus an emergency buffer. These reports are updated monthly. On top of that, Binance built a Merkle Tree verification system that allows users to verify that their specific balances are included in the reserves.
You can literally go to Binance’s website, grab your account hash, and confirm your funds are part of the reserves. How many exchanges let you do that?
The Bigger Picture I Was Missing
After FTX, the entire industry had to grow up. Regulators started paying attention. Users got smarter. And Binance was already ahead of the curve because transparency had been baked into their infrastructure.
Today, Binance is the largest crypto exchange in the world by trading volume, handling an estimated $76 trillion in trades in 2024, according to CoinGecko. That doesn’t happen by accident. It happens when people trust you with their money; and you don’t betray that trust.
I’m not saying Binance is perfect, and I’m definitely not saying you should blindly trust anyone. That’s actually the opposite of what I learned. The point is this: the tools are there. The information is there. You just have to use it.
Why I’m Telling You This
Because I see people making the same mistakes I made. Chasing pumps. Ignoring fundamentals. Trusting blindly instead of verifying. And when something goes wrong, they’re shocked; like it came out of nowhere. But the warning signs were always there. The information was always available.
If you’re reading this and you have funds on any exchange, Binance or otherwise; go check if they publish Proof of Reserves. If they don’t, ask yourself why. And maybe consider moving your funds somewhere that does.
It’s not sexy advice. It won’t make you rich overnight. But it might save you from losing everything when the next crisis hits.Because there will be another crisis. There always is. And when it comes, you want to be on the platform that’s been preparing for it all along, not the one hoping it never happens.
Sources for the curious:
Binance Proof of Reserves System CZ’s December 2022 transparency announcement (Binance official blog)Binance 2024 trading volume data via CoinGecko and CoinMarketCapMazars Proof of Reserves audit reports (December 2022–November 2023)
That one tweet from YellowPanther on X led me to Binance Square and from there, to actually understanding everything I’ve talked about here. Sometimes the best investments aren’t the coins you buy, but the time you spend educating yourself.
Your turn. Go check those reserves.
I was scrolling, half bored, half curious, when I came across YellowPanther’s post on X. You know those tweets that don’t try too hard, but still make you pause? That was it. He was talking about Binance Square; not as some shiny new feature, but as a place where conversations actually happen. Real takes. Real builders. Real learners.
Anyway, I ended up on Binance Square, and there was this post about something that happened back in 2022 that I’d completely missed; the moment when Binance actually proved they had everyone’s money.
The Story Nobody Talks About Enough
You remember FTX collapsing in November 2022, right? That whole disaster where billions just… vanished? Everyone was freaking out. People were pulling funds from every exchange, convinced they were all running the same scam. The fear was real.
I was terrified too. I had most of my savings on Binance, and I remember thinking, “Am I about to lose everything?”
But here’s what I learned from that Binance Square rabbit hole: while other exchanges were going radio silent or making excuses, Binance did something nobody expected. CZ (Changpeng Zhao) announced they were going to publish Proof of Reserves and not just once, but on a recurring basis.
Now, I know what you’re thinking: “Proof of Reserves, big deal.” But stick with me.
On December 7, 2022, Binance published their first full Proof of Reserves report, audited by Mazars (a legitimate global accounting firm). The report showed they held 101% of Bitcoin deposits, meaning they actually had more BTC than users had deposited. For Ethereum, it was 103%. For USDT, 104%.
Let that sink in.
Why This Hit Different for Me
Reading about this on Binance Square made me realize something embarrassing: I’d been in crypto for two years and had never once checked whether the exchange holding my money could actually… you know… give it back. It’s like keeping your money in a bank and never checking if the bank is solvent. Wild.
But here’s what really got me: Binance could have done what many others did. They could have stayed vague, made promises, relied on marketing. The minimum effort. Instead, they opened their books and invited scrutiny. Why? Because when you’re running a real business and not a Ponzi scheme, transparency is your best defense.
There’s a quote from CZ around that time that stuck with me: “Banks know how much money they hold. Binance knows how much crypto we hold. This should not be a secret.” (Source: Binance official blog, December 2022)
When you put it that way, it feels obvious.
The Part That Changed My Whole Approach
As I kept reading on Binance Square, I noticed something different. People weren’t reacting emotionally; they were breaking down reports, asking smart questions, and actually analyzing data.
One post that stood out to me explained how Binance maintains a 1:1 reserve ratio for customer deposits plus an emergency buffer. These reports are updated monthly. On top of that, Binance built a Merkle Tree verification system that allows users to verify that their specific balances are included in the reserves.
You can literally go to Binance’s website, grab your account hash, and confirm your funds are part of the reserves. How many exchanges let you do that?
The Bigger Picture I Was Missing
After FTX, the entire industry had to grow up. Regulators started paying attention. Users got smarter. And Binance was already ahead of the curve because transparency had been baked into their infrastructure.
Today, Binance is the largest crypto exchange in the world by trading volume, handling an estimated $76 trillion in trades in 2024, according to CoinGecko. That doesn’t happen by accident. It happens when people trust you with their money; and you don’t betray that trust.
I’m not saying Binance is perfect, and I’m definitely not saying you should blindly trust anyone. That’s actually the opposite of what I learned. The point is this: the tools are there. The information is there. You just have to use it.
Why I’m Telling You This
Because I see people making the same mistakes I made. Chasing pumps. Ignoring fundamentals. Trusting blindly instead of verifying. And when something goes wrong, they’re shocked; like it came out of nowhere. But the warning signs were always there. The information was always available.
If you’re reading this and you have funds on any exchange, Binance or otherwise; go check if they publish Proof of Reserves. If they don’t, ask yourself why. And maybe consider moving your funds somewhere that does.
It’s not sexy advice. It won’t make you rich overnight. But it might save you from losing everything when the next crisis hits.Because there will be another crisis. There always is. And when it comes, you want to be on the platform that’s been preparing for it all along, not the one hoping it never happens.
Sources for the curious:
Binance Proof of Reserves System CZ’s December 2022 transparency announcement (Binance official blog)Binance 2024 trading volume data via CoinGecko and CoinMarketCapMazars Proof of Reserves audit reports (December 2022–November 2023)
That one tweet from YellowPanther on X led me to Binance Square and from there, to actually understanding everything I’ve talked about here. Sometimes the best investments aren’t the coins you buy, but the time you spend educating yourself.
Your turn. Go check those reserves.
Good morning Binance 🌝
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