Binance maintains a 30 % Bitcoin reserve for 30 months, respectively

Binance, the largest exchange exchange in the world through trading, has maintained a reserve rate of more than 100 % for 30 consecutive months.
The lines were confirmed in the latest shot at the height of the Bitcoin 894,668 block, indicating that the company holds 616,886 BTC to support the net balance of 604,410 BTC, equivalent to the reserve ratio of 102 %.
The standard of transparency
The Por Exchange initiative (Por) started in response to the FTX collapse in November 2022, which revealed the poor management of user’s money. Since then, Binance has published monthly lusts, verified by experts on the series and third -party auditors such as Mazars.
Marton encrypted analyst, who Review The last snapshot of exchange confirmed the importance of its busy record:
“Since the first report was published on their proof in late 2022, Binance has constantly maintained a reserve rate of more than 100 %,” he wrote. “This shows strong support for assets and a continuous commitment to transparency.”
Of 616,886 BTC, Maarten revealed that 603,374 is held on the series, while another 13,512 resides in the third -party custody of the smart BNB series like BTCB.
In March, Cryptopotato He highlighted that the Binance reserve rate was 29 months more than 100 %, although the company was forced at the time that it was selling BTC for USDC. Cryptoquant’s analysis helped to dispel these allegations, as the company stated that all the numbers provided by Binance are identical to the data on the series.
Previous independent audits also verified the validity of the transparency demands for the exchange of encryption. In July last year, Mazars confirmed that Binance kept 101 % of BTC deposits for customers, which enhances the safety of the Merkle -based Por.
The effects of the market
Although some industry voices, including the CEO of Kekeen Jesse Powell, have criticized proof of proof of not calculating the obligations, Binance’s fixed reserve record helped it maintain market confidence.
This force is also reflected in the stablecoin reserves of Excination. At the beginning of the year, she indicated that it included more than $ 31 billion in Stablecoins, an increase of nearly five times from mid -2013, indicating a strong position of liquidity and institutional investor activity.
Meanwhile, the original BNB code of Crypto Companyi continued its fixed ascension. At the time of writing this report, it increased by 1.3 % marginal in 24 hours, and trading slightly lower than $ 658 per COININCKO data.
Over the past week, it gained 8.5 %, which led to a slight minimum of the broader encryption market, which jumped by 12.4 % in the same period. Despite the delay, the previous 30 days witnessed the BNB registration at 11.4 %, with only its current price by 16.5 % of its highest level ever.
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