CandleFocus Binance Released Its Latest Reserve Report! Here's the Amount of Bitcoin, Ethereum, XRP and Altcoin in Hand!
2024-12-10
Author: Content Editor
Binance, the world's largest cryptocurrency exchange, has announced the implementation of a proof-of-reserve system to rebuild trust in Bitcoin exchanges. It has published its 25th reserve report, which includes various cryptocurrencies such as BTC, USDT, ETH, BNB, SOL, XRP, and DOGE. The report shows a decrease in users' Bitcoin and BNB assets, while USDT and Ethereum assets have increased. Despite the decrease in assets, Binance's reserves for BTC, USDT, and ETH remain overcollateralized at 108.21%, 108.96%, and 102.68% respectively.
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