您现在的位置是:CryptoQuant confirms Binance reserves are accounted for >>正文
CryptoQuant confirms Binance reserves are accounted for
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛37361人已围观
简介Binance has faced a FUD storm in the past few days about its reserves.Binance has also been in the s...
- Binance has faced a FUD storm in the past few days about its reserves.
- Binance has also been in the spotlight amid the ongoing FTX collapse hearing.
- Blockchain analytics provider CryptoQuant has verified Binance reserves in its new audit report.
Blockchain analytics provider CryptoQuant has verified Binance’s proof of reserve in its recently released audit report analyzing the recently released proof-of-reserves by Binance. This settles the FUD storm that has been circulating within the internet especially following the recent surge in withdrawals.
Over the past few days, Binance has seen crypto assets worth as much as $3 billion leave the exchange in a span of 24 hours making investors worry about the future of the exchange seeing that FTX’s troubles started in a similar manner.
Binance scrambling to reassure customers
Amid the heightened customer worries after reports of increased outflows from Binance, the crypto exchange has been scrambling to reassure its customers and investors that it has sufficient reserves that are fully backed.
Earlier this month, Binance released a proof-of-reserves report for transparency purposes but it ended up being criticized for not being a full audit but rather an “agreed-upon procedure.” The tussle led to some customers withdrawing their crypto assets; something that sent shock waves throughout the crypto space since FTX’s fall started in a similar manner.
However according to CryptoQuant, the liabilities that Binance reports are close to audit firm Mazars’ estimation of 99%.CryptoQuant notes:
“The report shows Binance’s BTC liabilities (customers’ deposits) are 97% collateralized by the exchange assets. Collateralization increases to 101% when the BTC lent to customers is accounted for.”
CryptoQuant also added that Binance’s stablecoin and Ether reserves don’t show an “FTX-like” behaviour. The firm reported:
“Additionally, Binance has an acceptable ‘Clean Reserve,’ which means its own token, BNB, is still a low proportion of its total assets.”
According to data provider Nansen, only about 10% (Approx. $6.2 billion) of Binance’s reserves ($60.2 billion) are held in its native token BNB.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/781211.html
相关文章
Top analyst on BTC price bottom: This is what past halvings suggest
CryptoQuant confirms Binance reserves are accounted forCrypto analyst Rekt Capital says Bitcoin is likely to bottom in Q4 this year, based on historical de...
阅读更多
Most cryptocurrencies will collapse
CryptoQuant confirms Binance reserves are accounted forThe cryptocurrency market has more than 19,000 coins and tokens at the moment.Brad Garlingouse, the...
阅读更多
Horizen Labs' ApeCoin staking hype sets $APE on a bullish trajectory
CryptoQuant confirms Binance reserves are accounted forApeCoin (APE) has been on a slow but sure bullish trend in the past seven days and it appears set to...
阅读更多
热门文章
- This new recyclable wind turbine blade has Elium resin in it
- Filecoin miners go on strike due to unfair economic model
- Neural Lab’s air gesture technology could be a game
- Bitcoin price prediction: BTC forms a dead cat bounce
- Watch: Solar storm eruption in a high
- ETH could slip below the $1,000 level soon
最新文章
SBF blames the Fed for the crypto crash
The crypto market is closer to its bottom than stocks
Bybit to launch USDC spot pair after partnership with Circle
UFT price: What is UniLend Finance and Why Did it Just Soar?
Kraken Envisions September As A Tough Month For Bitcoin
Miners earned $166 million from fees on Ethereum throughout September 2020