{"id":615505,"date":"2023-03-08T07:49:17","date_gmt":"2023-03-08T13:49:17","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/08\/binances-latest-por-shows-it-has-over-63-billion-across-24-assets\/"},"modified":"2023-03-08T07:49:17","modified_gmt":"2023-03-08T13:49:17","slug":"binances-latest-por-shows-it-has-over-63-billion-across-24-assets","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/08\/binances-latest-por-shows-it-has-over-63-billion-across-24-assets\/","title":{"rendered":"Binance\u2019s latest PoR shows it has over $63 billion across 24 assets"},"content":{"rendered":"<div>\n<div>\n<picture><source  type=\"image\/webp\" media=\"(min-width: 750px)\"><source  type=\"image\/webp\"><source  type=\"image\/jpeg\" media=\"(min-width: 750px)\"><source  type=\"image\/jpeg\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/1970\/01\/1676366463527-5e810725-3f50-4d95-bf78-d5d29c544e08.jpg\" alt width=\"100%\" height=\"100%\">\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Binance has added 11 additional tokens to its proof-of-reserves (PoR) report.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The world\u2019s leading cryptocurrency exchange said it has over $63 billion across 24 assets.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The results have not been audited by any external accounting firm at the moment.<\/p>\n<\/li>\n<\/ul>\n<h2 dir=\"ltr\"><strong>Binance holds $63 billion in 24 assets<\/strong><\/h2>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/exchanges\/binance\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>Binance<\/u><\/a>, the world\u2019s leading cryptocurrency exchange, published its latest PoR report on Tuesday, March 7th.\u00a0<\/p>\n<p dir=\"ltr\">According to the\u00a0<a href=\"https:\/\/www.binance.com\/en\/blog\/ecosystem\/binances-proofofreserves-system-upgraded-to-include-24-tokens-1690464156329926329?ref=AZTKZ9XS&#038;utm_source=BinanceTwitter&#038;utm_medium=GlobalSocial&#038;utm_campaign=GlobalSocial\" rel=\"noopener noreferrer\" target=\"_blank\"><u>company\u2019s announcement<\/u><\/a>, it has added 11 tokens to its PoR report. The tokens include MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, CVP, HFT, SSV, and DOGE.\u00a0<\/p>\n<p dir=\"ltr\">This\u00a0<a href=\"https:\/\/coinjournal.net\/news\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>latest cryptocurrency news<\/u><\/a> means that Binance now holds over $63 billion across 24 assets in its proof of reserves system. Bitcoin, Ether, and Tether (USDT) are the top three assets on the exchange, accounting for $12.7 billion, $7.1 billion, and $16.3 billion in net customer balance.<\/p>\n<p dir=\"ltr\">Binance wrote that;<\/p>\n<p dir=\"ltr\"><em>\u201cWith the addition of 11 assets to its PoR system, Binance, the world\u2019s largest exchange by trading volume, now shows over 63B USD in reserves.\u201d<\/em><\/p>\n<h2 dir=\"ltr\"><strong>Crypto exchanges have adopted PoR to promote transparency<\/strong><\/h2>\n<p dir=\"ltr\">Cryptocurrency exchanges, including Binance, OKX, and Bybit, adopted the PoR system following FTX\u2019s collapse late last year. The PoR system is designed to promote greater transparency amongst cryptocurrency exchanges and assures users that their funds are safe.\u00a0<\/p>\n<p dir=\"ltr\">Following\u00a0<a href=\"https:\/\/coinjournal.net\/news\/binance-releases-its-proof-of-reserves-system\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>Binance\u2019s PoR report<\/u><\/a> on January 26, 2023, the cryptocurrency exchange implemented zk-SNARKs, zero-knowledge protocols that increase the privacy and security of user data during the verification process.\u00a0<\/p>\n<p dir=\"ltr\">According to Binance, its PoR leverages Merkle trees to add up on-chain data so that users can rest easy knowing that their assets are held for them 1:1 in our custody.\u00a0<\/p>\n<p dir=\"ltr\">In December last year, South African auditor Mazars removed Binance\u2019s PoR audit from its website. The auditing firm also ceased providing services to Binance and other cryptocurrency exchanges.\u00a0<\/p>\n<p dir=\"ltr\">Binance remains the world\u2019s largest cryptocurrency exchange. The crypto exchange accounts for over $12 billion in daily trading volume, higher than the $1.1 billion recorded by its closest rival, Coinbase.<\/p>\n<div>\n<hr>\n<h6>Share this article<\/h6>\n<hr>\n<h6>Categories<\/h6>\n<hr>\n<h6>Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/binances-latest-por-shows-it-has-over-63-billion-across-24-assets\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Hassan Maishera<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance has added 11 additional tokens to its proof-of-reserves (PoR) report. The world\u2019s leading cryptocurrency exchange said it has over $63 billion across 24 assets. The results have not been audited by any external accounting firm at the moment. Binance holds $63 billion in 24 assets Binance, the world\u2019s leading cryptocurrency exchange, published its latest<\/p>\n","protected":false},"author":1,"featured_media":615506,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[81412,518],"tags":[],"class_list":{"0":"post-615505","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-binances","8":"category-latest"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/615505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=615505"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/615505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/615506"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=615505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=615505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=615505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}