2024-03-19
Binance's announcement of holding over $100 billion in user funds reflects the growing popularity and trust in cryptocurrencies.
Strong inflows and rising asset prices contribute to this milestone, highlighting the increasing adoption and value of digital assets in the market.
Binance's commitment to maintaining a 1:1 ratio for user funds, along with additional reserves, is essential for ensuring transparency and trust within the crypto community.
Providing the Proof of Reserves March report allows users to verify this claim and reinforces Binance's dedication to safeguarding user assets.
Users can review the report to gain confidence in the security measures implemented by the exchange.
Below are the amount of assets held by the company as recorded by Binance's Proof of Work system:
Bitcoin (BTC): 580,464.411
Tether (USDT): 21,608,372,764.925
Ethereum (ETH): 4,120,427.187
Binance Coin (BNB): 33,106,240.684
Solana (SOL): 32,800,606,586
FDUSD: 2.851.390.915,545
Ripple (XRP): 3,076,385,757.559
USD Coin (USDC): 1,384,219,651.993
TrueUSD (TUSD): 279,056,972.003
Dogecoin (DOGE): 13,613,483,396,957
Polygon (MATIC): 1,117,396,443.958
Polkadot (DOT): 118.147.517.071
Chainlink (LINK): 54,591,680.875
Shiba Inu (SHIB): 71,667,579,798,130
Arbitrum (ARB): 337.234.739.428
Litecoin (LTC): 6,076,307.86
Optimism (OP): 118.216.643,272
Chiliz (CHZ): 2,653,570,768.616
Uniswap (UNI): 36.420.059,436
Aptos (APT): 27.577.378.535
The Graph (GRT): 799.992.808,642
SSV: 3.848.037.616
Chromia (CHR): 390,837,089,979
Enjin Coin (ENJ): 243.923.137,756
Changpeng Zhao's former Binance CEO announced he will be launching a new cryptocurrency project without the introduction of a new token suggests a focus on developing platforms, services, or infrastructure within the crypto ecosystem.
CZ ANNOUNCEMENT ON TWITTER (X)
This move underscores his ongoing commitment to innovation and expansion in the industry, exploring avenues beyond token creation.
