Binance’s First Reserve Report Released: Bitcoin (BTC) Assets are 101 Percent Collateralized!

Mazars, the independent auditing company that Binance, the world’s largest cryptocurrency exchange, agreed for proof of reserve, completed the first audit of the stock’s reserves and published the report.

Paris-based international accounting firm mazars, to Binance published its first report examining the reserves of Screenshot of the reserves included in this report, shared under the name “Binance Proof of Trustworthiness” 22 November 2022 received on. In the first stage, the company, which only shared the report on the verification of Bitcoin assets, will be in the coming days. bitcoin, Ethereum (ETH) and Binance Smart Chain will carry out the confirmation of the assets included in the network.

Binance’s Bitcoin reserves were also published on the exchange’s official blog last week. The data shared by Mazars also matched what Binance shared, and consistency was no longer a concern. of the stock market tThe total number of Bitcoins is again 582 thousand net customer assets as well as 575k BTC was recorded. As a result, Bitcoin assets on Binance 101% collateralized has been confirmed.

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