Binance’s Latest PoR Report: Transparency and Trust Are Increasing 🌐

- Binance has released its latest Proof-of-Reserves (PoR) report. The report shows that the exchange has enough crypto assets to cover all of its client assets.

- According to the report, Binance holds 61.2 trillion Shiba Inu (SHIB) tokens and 2.9 billion Ripple (XRP) tokens. This is worth $1 billion and $1.56 billion respectively.

- A total of 29 different cryptocurrencies are included in the report, including Bitcoin and Ethereum. Binance is reported to hold 636,229 BTC and 4.4 million ETH.

- The PoR app was launched in November 2022 after the FTX crash. The aim is to build trust and transparency among users.

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