Binance, the largest cryptocurrency exchange, has introduced a proof-of-reserve system in an effort to rebuild trust following the bankruptcy of FTX. Binance has published its 28th Reserve Report, which reveals overcollateralization for major cryptocurrencies such as Bitcoin, USDT, Ethereum, and BNB. The report also includes the addition of altcoin TRUMP to the Proof of Reserves report, with a reserve ratio of 100.38%. Overall, the latest proof of reserves shows that Binance's BTC, USDT, ETH, and BNB reserves are overcollateralized by varying percentages.



Other News from Today