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 28th report (snapshot dated March 1st).
According to Binance’s official website, the reserve ratio of major cryptocurrencies (Binance Holdings to User Assets) is becoming radicalized. Additionally, Altcoin Trump has been added to the Exchange’s Certification Reservation Report with a reserve ratio of 100.38%.
Apart from Bitcoin (BTC), reports include USDT, Ethereum (ETH), BNB, Solana (Sol), FDUSD, Enj, 1Inch, CRV, Mask, HFT, Busd, Bome, Hedera (Hbar), Pepecoin (Pepe), Sui, and Wif.
Binance’s latest reserve proof indicates that BTC, USDT, ETH and BNB reserves are assembled in a 100.77% excess. 104.42%; 100.00% and 110.92%, respectively.
*This is not investment advice.
