Binance Dispels FUD With Another Proof-Of-Reserves Report By CoinEdition
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Binance Dispels FUD With Another Proof-Of-Reserves Report- Binance’s BTC liabilities are 97% collateralized by Binance’s assets, as per the report.
- CryptoQuant reported that Binance does not show any FTX-like behavior.
- The author of last week’s reserves report of Binance, Mazars, will reportedly no longer take crypto client.
CryptoQuant revealed that Binance’s BTC liabilities or customer deposits are 97% collateralized by Binance’s assets. This collateralization grows 101% when the BTC loaned out to customers is included.
What does Binance’s Proof of Reserve (PoR) report tell us from an on-chain perspective?A short thread @binance @cz_binance pic.twitter.com/2vAoOmFb63
— CryptoQuant.com (@cryptoquant_com)
The post Binance Dispels FUD With Another Proof-Of-Reserves Report appeared first on Coin Edition.
See original on CoinEdition
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Binance Dispels FUD With Another Proof-Of-Reserves Report- Binance’s BTC liabilities are 97% collateralized by Binance’s assets, as per the report.
- CryptoQuant reported that Binance does not show any FTX-like behavior.
- The author of last week’s reserves report of Binance, Mazars, will reportedly no longer take crypto client.
CryptoQuant revealed that Binance’s BTC liabilities or customer deposits are 97% collateralized by Binance’s assets. This collateralization grows 101% when the BTC loaned out to customers is included.
What does Binance’s Proof of Reserve (PoR) report tell us from an on-chain perspective?A short thread @binance @cz_binance pic.twitter.com/2vAoOmFb63
— CryptoQuant.com (@cryptoquant_com)
The post Binance Dispels FUD With Another Proof-Of-Reserves Report appeared first on Coin Edition.
See original on CoinEdition
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