Discover Binance’s Impressive Cryptocurrency Reserves
Are you curious about the extent of cryptocurrency reserves held by Binance, the world’s leading cryptocurrency exchange? Binance recently released its Proof-of-Reserves (PoR) report, showcasing its vast holdings of various digital assets. This report aims to demonstrate that Binance has enough reserves to cover all user assets in a 1:1 ratio, ensuring the security of customers’ funds and the availability of reserves for emergencies.
Unveiling SHIB and XRP Holdings
Binance’s latest PoR report reveals some captivating information about its cryptocurrency holdings, including:
- 62.8 trillion Shiba Inu (SHIB) tokens
- This represents a slight decrease from the previous count of 62.95 trillion SHIB tokens.
- 2.95 billion Ripple (XRP) tokens, valued at over $1.5 billion
Exploring BTC and ETH Balances
The report also highlights Binance’s impressive balances in Bitcoin (BTC) and Ethereum (ETH), with:
- More than 645,000 BTC (approximately $36.8 billion) owned
- 4.85 million ETH (around $12.2 billion) in holdings
Expansion of Supported Cryptocurrencies
Over time, Binance has expanded the range of cryptocurrencies supported in its PoR system. The exchange now discloses reserves in 31 digital assets, including recent additions like:
- Dogecoin (DOGE)
- The Graph (GRT)
- Enjin Coin (ENJ)
- Chromia (CHR)
- Hashflow (HFT)
It is important to note that Binance’s PoR report focuses solely on user funds reserves and does not include corporate holdings, which are maintained separately.
Hot Take: Binance’s Robust Crypto Reserves
Feast your eyes on the bountiful crypto reserves held by Binance, ranging from trillions of SHIB tokens to billions of XRP coins and substantial BTC and ETH balances. With an expanded roster of supported cryptocurrencies, Binance continues to ensure the security and reliability of its user funds through its Proof-of-Reserves system.
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