Now the exchange, according to its own data, holds 24 reserve assets, whose total value is $63 billion. The report added MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, CVP, HFT, SSV and DOGE tokens. The platform remains true to the largest cryptocurrencies in terms of capitalization – Binance stores $12.7 billion in bitcoin, another $7.1 billion in ether, and $16.3 billion in USDT stablecoins.
Representatives of the exchange assure that the site uses Merkle trees to count the assets of clients and reserve them, so clients should not worry about any problems – absolutely all assets have a reserve.
In February 2023, Binance added support for zero-knowledge proofs to its proof-of-reserve system, increasing privacy.
Recall that due to the actions of American regulators, the capitalization of its own stablecoin Binance BUSD decreased by 40%. Now its capitalization is $8.4 billion.
Source: Bits
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