Binance releases December proof of reserves: Multi-currency reserve ratio exceeds 100%
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Binance releases December proof of reserves: Multi-currency reserve ratio exceeds 100%
Binance's latest Proof of Reserves report for December shows the platform continues to maintain a minimum 1:1 reserve ratio for user assets. According to audit data from block height 925938, the reserve ratios are 102.11% for BTC, 109.16% for USDT, 100.00% for ETH, 112.32% for BNB, and as high as 137.70% for USDC. Binance uses zk-SNARKs technology and Merkle tree verification mechanisms to ensure data transparency and credibility. Users can verify on the official website's "Wallet - Proof of Reserves Report" page whether their assets are included in the audit report.
Navigating Web3 tides with focused insightsTechFlow news, December 7 — Binance's latest Proof of Reserves report for December shows the platform continues to maintain at least a 1:1 reserve ratio for user assets. According to audit data from block height 925938, BTC reserves reached 102.11%, USDT 109.16%, ETH 100.00%, BNB 112.32%, and USDC as high as 137.70%. Binance uses zk-SNARKs technology and Merkle tree verification mechanisms to ensure data transparency and credibility. Users can verify whether their assets are included in the audit report through the "Wallet - Proof of Reserves" page on the official website.
