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Binance publishes proof of reserves for ten cryptocurrencies

Original: what is binance

Crypto exchange Binance has released proof of reserves data covering ten cryptocurrencies, a move aimed at showing it holds enough assets to back customer deposits. The disclosure came as markets also tracked falling oil prices amid hopes of a breakthrough in tensions over Iran. The exchange has faced pressure for greater transparency about its finances.

Why now: Investors are seeking reassurance about crypto exchange solvency after industry collapses, making reserve disclosures newsworthy.

BinanceThe Guardian

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