🚀 Binance's Latest Proof-of-Reserves Report: BTC Shines Bright! 🌟

Binance has just dropped its latest Proof-of-Reserves (PoR) report, aiming to boost transparency post-FTX collapse. The report highlights that Binance holds a whopping 636,229 BTC, valued at over $40 billion! 💰

The PoR practice, adopted in November 2022, ensures that Binance has enough assets to cover all customer withdrawals 1:1. This move is designed to build trust and showcase the exchange's robust financial health.

While the report covers 29 cryptocurrencies, it's clear that Bitcoin remains a star player in Binance's reserves. 🌐

Stay bullish on BTC! 🚀