Binance has released its latest Proof-of-Reserves (PoR) report, showing that its client assets are fully backed. 🎉
- Binance holds 61.2 trillion Shiba Inu (SHIB) tokens, worth more than $1 billion. 🐕
- Ripple (XRP) holdings are also impressive: 2.9 billion tokens, or $1.56 billion.
- There are reserves in 29 different cryptocurrencies, including Bitcoin and Ethereum.
These reports aim to increase user confidence after the FTX crash. What do you think of Binance’s transparency efforts? Let us know in the comments! 💬