TechFlow news, according to CoinDesk, CryptoQuant recently introduced a new metric called "reserve cleanliness" in its latest report. Based on the report, Binance's reserve cleanliness stands at 89%, while Huobi’s reserve cleanliness is 56.7% for approximately $3 billion in reserves, meaning 43.3% of Huobi's reserves consist of its own exchange-issued token HT.
CryptoQuant analysts stated, “Currently, Huobi’s reserve setup carries high risk, as its issued tokens pose a threat to the company’s network health because verifying the authenticity of these token issuances is difficult.” Bobby Ong, co-founder and chief operating officer of CoinGecko, said, “We also need to understand Huobi’s liabilities to properly assess the situation.”
At the time of publication, Huobi has not responded to requests for comment.Original link
