Binance Exchange has published its 12th Proof of Reserves report, confirming that it maintains a 100% reserve for XRP, Bitcoin, and Litecoin. This demonstrates the reliability of these digital assets and Binance's commitment to providing a secure trading environment. The report also shows that BUSD reserves account for 133.6%, while USDC reserves account for 103.7% of total customer balances. Maintaining reserves at or above 100% is crucial for ensuring that the exchange can meet its obligations to customers, especially during market fluctuations or withdrawals. Binance's transparency and commitment to maintaining reserves has helped to build trust and credibility with its user base.
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Binance Releases 12th Proof of Reserves Report, Maintains 100% Reserve for XRP, Bitcoin, and Litecoin
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