Crypto Update: Crypto exchange Binance to provide proof of reserves soon, says CEO

by | Nov 8, 2022 | Stock Market

The world’s largest crypto exchange Binance will start providing proof of reserves soon, after it proposed an acquisition of the non-U.S. assets of rival exchange FTX, which faced a liquidity crunch. Read: Binance plans to buy rival exchange FTX in deal that shakes up crypto industry

“All crypto exchanges should do merkle-tree proof-of-reserves. Banks run on fractional res …

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