The post Binance’s PoR System Promotes Transparency appeared first on Coinpedia Fintech News
Binance, the largest crypto exchange, released its Proof-of-Reserves system to demonstrate its ability to cover assets for one. The exchange said that they hold purchased tokens until users sell or swap them. BNB holds user assets 1:1 has reserves and emergency funds with zero debt. The online exchange clarified the Proof-of-Reserves excludes their corporate holdings and implemented a Merkle Tree for users to verify their asset holdings.
- Mobile app
- Telegram Channel
- Telegram Group
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks