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Binance Launches Proof of Reserves for Bitcoin

Binance Launches Proof of Reserves for Bitcoin

Binance, the world’s largest cryptocurrency exchange by trading volume, on Friday launched the Proof of Reserves (PoR) for its Bitcoin (BTC) holdings in its latest show of transparency to reassure customers of its health following the sudden collapse of top cryptocurrency exchange FTX.

A PoR is an independent audit conducted by a third party that seeks to confirm that a digital asset custodian truly holds the assets it claims it has... Read More

Posted: Nov 25 2022, 19:05
Author Name: financemagnates
Views: 111541

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