Binance launches proof-of-reserves system for BTC holdings

Quick Summary:

Cryptocurrency exchange company Binance has released a new site that explains its proof-of-reserves system.

The company is starting with BTC reserves.

Right now, Binance has a reserve ratio of 101%.

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Article Details

Author / Journalist: Romain Dillet

Category: Technology

Markets: United States

Topics: Binance Crypto FTX Crypto exchange Proof of reserves

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-25 @ 16:35:07 (2 months ago)

News Timezone: GMT -5:00

Ranking: #1598 (out of 1950 stories this day)

News Source URL: techcrunch.com

Language: English

Article Length: 609 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 2005800

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