Binance, the world’s largest cryptocurrency exchange, has announced a proof-of-reserve system to restore confidence in cryptocurrency exchanges, which has fallen following the sudden bankruptcy of FTX.
Binance, which regularly publishes reserve reports, has released its 44th reserve report.
According to Binance’s official website, the reserve ratio (the ratio of Binance’s holdings to user assets) of major cryptocurrencies is over-collateralized.
Besides Bitcoin, the report also includes: $USDTEthereum, $BNBSolana, $USDC, $USD1TRUMP, ENA, Arbitrum (ARB), POL, FORM, PENDLE, Aptos (APT), RLUSD, CRV, CHZ, S, Optimisim (OP), WIF, GRT, BOME, TUSD, ENJ, 1INCH, CHR, SSV, MASK, BUSD, and HFT.
The stock exchange’s reserve ratio remains above 100% across all major assets, the report said.
“$BTC Rate: 100.08%
$ETH Rate: 100.00%
$USDT Rate: 103.49%
$BNB Rate: 100.83%
SOL rate: 100.00%
$USDC Rate: 108.67%
$USD1 Rate: 103.03%
XRP rate: 101.06%”
According to the latest report, users’ Bitcoin holdings increased by 1.22% compared to the previous report, reaching approximately 640,296 coins. $BTCwhile their $USDT Balance held decreased by 1.51% to 33.7 billion yen $USDT.
Finally, looking at the amount of Ethereum held by users, a decrease of 1.4% was observed, reducing it to approximately 4.08 million pieces. $ETH.
*This is not investment advice.
