Binance’s Bitcoin POR statistics show 582,485 BTC on-chain reserves and a reserve ratio of 101%

The recent collapse of the crypto exchange FTX has placed the spotlight on other players in the digital assets industry who must now prove to their customers that they remain financially sound. This includes the ability of their customers to verify the various assets held by the companies. For instance, Binance just published its proof-of-reserves system for the companys Bitcoin (BTC) holdings, according to a Bitcoin.com report. The new system initially works with the crypto exchanges BTC holdings but will later be expanded to include other tokens as other networks [are] being added in the...

source: https://tokenpost.com/Binances-Bitcoin-POR-statistics-show-582485-BTC-on-chain-reserves-and-a-reserve-ratio-of-101-9829

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