TL;DR
1.Binance releases 15th reserve report.
2.Binance's 15th reserve report covers various assets including BTC, USDT, ETH, BNB, SOL, and more.
3.Binance users' Bitcoin assets up 3.27% to 594,689 BTC. USDT assets rise 5.68% to 17.8 billion.
4.BNB assets of users drop by 0.51% to 31.83 million, down 162,116 BNB.
Binance, the world's largest cryptocurrency exchange, has introduced a reserve proof system aimed at rebuilding trust in Bitcoin exchanges following FTX's sudden bankruptcy.
Binance, known for its regular publication of reserve reports, has released its 15th report detailing its reserves.
The report encompasses various assets besides Bitcoin (BTC), including USDT, Ethereum (ETH), BNB, Solana (SOL), FDUSD, XRP, USDC, TUSD, Dogecoin (DOGE), Polygon (MATIC), Polkadot (DOT), Chainlink (LINK), SHIB, Arbitrum (ARB), Litecoin (LTC), Optimism (OP), Chilliz (CHZ), UNI, Aptos (APT), GRT, SSV, CHR, ENJ, 1INCH, CRV, WRX, MASK, HFT, BUSD, and CVP.
Users' Bitcoin assets have surged to 594,689 BTC, marking a 3.27% increase equivalent to 18,836 BTC compared to the previous month. Additionally, USDT assets have risen by 5.68% to 17.8 billion.
On the other hand, users' BNB assets have decreased by 162,116 BNB, a decline of 0.51%, reducing the total to 31.83 million.
Binance Unveils Reserve Proof System in Wake of FTX Bankruptcy: In response to FTX's sudden collapse, Binance, the leading cryptocurrency exchange, introduces a transparent reserve proof mechanism. Its 15th Reserve Report reveals a surge in Bitcoin assets by 3.27%, reaching 594,689 BTC, while USDT assets rise by 5.68% to 17.8 billion. Despite minor fluctuations, Ethereum assets climb by 4% to 4.16 million, contrasting with a 0.51% decrease in BNB holdings, totaling 31.83 million.
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