Binance, the world’s largest cryptocurrency exchange, published its updated reserve evidence report.
Cryptocurrency exchange Binance, according to the record received on March 1 16. proof of reserve (PoR) shared his report. In the shared data, the stock market Bitcoin (BTC) And Drop in Ethereum (ETH) balance drew attention.
Bitcoin assets on the stock exchange in the past 1 month 31,998 BTC down Dropped to 562,000 BTC. During the same period, Ethereum assets 180,000 ETH drop current balance displayed in 3.98 million ETH was recorded.
On the other hand, in the stock market Tether (USDT) And Binance Coin (BNB) in their assets increase was seen. from February to March in a 1 month period USDT assets It increased by 1.7 billion dollars and reached 19.52 billion dollars. BNB assets are increased by 1.1 million current balance as 32,940 million shared.
All stock exchange, Bitcoin and Ethereum assets More than 100% collateralized He emphasized that it was.
Cryptocurrency exchanges, users’ assets To show that they can afford 1:1 They publish proof of reserves. This became important after the bankrupt crypto exchange FTX misappropriated users’ funds. Assets belonging to the company are not reflected in the report shared by Binance.