Proof of On-chain Reserves – The new Industry standard

Proof of on-chain reserves

After the latest #FTX chaos, Binance was one of the first #cryptocurrency exchange that did announce a transparent insight into their reserves 🧐

Which set an industry standard and forced most major exchanges to announce the same. & Huobi for example just did the same but there are people who did track the latest fund movements and already see strange things happening, some allegedly say that major exchanges did lend each other money just for the snapshot of the reserves.

So there surely is even more uncertainty in the space right now.

What are your thoughts on transparent exchange reserves and the current situation ⬇️?

Binance does seem to be one of the most liquid exchanges with above 70 Billion $ worth of assets, we can always only recommend Binance as the best place to go.


We will be happy to hear your thoughts

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