Binance exchange, in order to strengthen the confidence of its customers, has shared its 11th reserve proof figures with the public. The exchange compiled screenshots dated October 1st to present the details about the crypto assets it has.
The scrutiny that started over Bitcoin assets revealed that the number of Bitcoins in the hands of customers increased by 0.12% compared to the past month, reaching 588,000. However, the number of Bitcoins that Binance has is 4.67% more, accounting for 616,000.
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On the side of Ether (ETH), customers have 3 million 830 thousand ETH while the total amount of Ether that Binance holds is around 4 million 110 thousand. In this case, the excess rate was determined to be 7%.
Regarding BNB (Binance Coin), Binance announced that customers hold 29 million units, while the exchange itself has increased its BNB holdings to 33 million units.
There’s a remarkable situation about USDT (Tether), the most popular stable coin. They have 18% more USDT than the customer assets.
After the collapse of FTX last year, big crypto exchanges like Binance started to offer reserve proof in order to provide trust to their customers. This transparency plays a critical role in gaining the trust of the crypto community.
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