The world’s largest cryptocurrency exchange – Binance – introduced its Proof of Reserves (PoR) system to display to users the exact amount of its crypto reserves.
The feature will initially show only bitcoin’s holdings, while other coins will follow in the future.
- Binance has taken some additional measures to reaffirm its customers’ trust during the turbulent times following the ការគាំង FTX.
- នៅក្នុងការថ្មីមួយ សេចក្តីប្រកាស, the company disclosed the launch of a Proof of Reserves (PoR) system showing that its on-chain reserve is composed of 582,485.9302 BTC. Customer Net Balance (Equity – Debt) equals 575,742.4228 BTC.
- The trading venue vowed to release the PoR for other cryptocurrencies in two weeks. Binance will also hire third-party auditors to check the results.
- CEO Changpeng Zhao said the crypto community currently demands more from exchanges, and the firm is “pleased” to provide such clarity:
“As Binance’s user community is exponentially larger than the next largest exchange, this is a massive undertaking and will take a few weeks to develop the data for the majority of our assets in custody. We are working to get the next update out as quickly as possible to meet the community’s expectations,” he added.
- វេទិកា បញ្ចូល its SAFU insurance fund to $1 billion following the FTX meltdown. Those assets could be distributed to clients in case of future emergencies.
- Binance has also ណែនាំ an industry recovery fund that could help other projects that experience liquidity issues.
Binance ឥតគិតថ្លៃ 100 ដុល្លារ (ផ្តាច់មុខ): ប្រើតំណនេះ ដើម្បីចុះឈ្មោះ និងទទួលបាន $100 ឥតគិតថ្លៃ និងថ្លៃសេវា 10% លើ Binance Futures ខែដំបូង (លក្ខខណ្ឌ).
ការផ្តល់ជូនពិសេសរបស់ PrimeXBT៖ ប្រើតំណនេះ ដើម្បីចុះឈ្មោះ និងបញ្ចូលលេខកូដ POTATO50 ដើម្បីទទួលបានប្រាក់រហូតដល់ 7,000 ដុល្លារលើការដាក់ប្រាក់របស់អ្នក។
Source: https://cryptopotato.com/users-can-now-verify-the-bitcoin-they-own-on-binance-via-merkle-tree/