Binance, the world’s largest cryptocurrency exchange, has announced a reservation system to regain the decline in trust in the Bitcoin exchange after the sudden bankruptcy of FTX.
In this regard, Binance, which regularly publishes reserve reports, has published its 31st report of its reserves (snapshot dated June 1st).
According to Binance’s official website, the reserve ratio of major cryptocurrencies (Binance Holdings divided by user assets) is becoming radicalized.
Apart from Bitcoin (BTC), reports include USDT, Ethereum (ETH), BNB, Solana (Sol), FDUSD, Enj, 1Inch, CRV, Mask, Busd, Bome, Form, Hedera (Hbar), Near, Pepecoin (Pepe), S, Sui, wif, wif.
Binance’s latest reserve proof indicates that BTC, USDT, ETH and BNB reserves are assembled at a 102.13% excess. 101.52%; 100.00% and 111.74%, respectively.
According to the latest report, users’ Bitcoin assets fell 1.82% compared to previous reports, down to 593 thousand BTC. USDT assets fell 0.77% to 28.83 billion.
Users’ BNB assets also increased by 1.56% to 3,985 million.
Finally, looking at the users’ Ethereum assets, it increased by 1.05% to 5.33 million people.
*This is not investment advice.
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