According to an announcement made on March 7, cryptocurrency exchange Binance has added 11 more tokens to its Proof of Reserve (PoR) report.
Binance has added 11 more tokens to its Proof of Reserve. Binance, the world’s largest cryptocurrency exchange, has reached $ 63 billion with the addition of 11 tokens to the PoR.
Binance Makes Additions to Proof of Reserve
According to an announcement made on March 7, Binance, the world’s largest cryptocurrency exchange, has added 11 more tokens to its Proof of Reserve (PoR) report.
These include Mask Network (MASK), Enjin Coin (ENJ), WazirX (WRX), The Graph (GRT), Chromia (CHR), Curve DAO Token (CRV), 1inch Network (1INCH), PowerPool (CVP), Hashflow ( HFT), SSV.network (SSV), and Dogecoin (DOGE).
https://twitter.com/binance/status/16330911385527246850
With the latest update, Binance said it now has over $63 billion in 24 assets in its proof-of-reserve (PoR) system.
Although exchanges started to adopt the PoR method for greater transparency after the collapse of FTX, experts warned users of the limitations of such methodology. Besides Binance, another exchange that shared PoR data was Crypto.com.
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