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Binance Launches Proof of Reserves for Bitcoin

Binance Launches Proof of Reserves for Bitcoin

The exchange will introduce PoR for Ether, USDT, USDC, BUSD and BNB 'soon'.

The collapse of FTX is driving renew interest in Proof of Reserves.

On Friday, Binance, the world’s largest cryptocurrency exchange by trading volume, launched the Proof of Reserves (PoR) for its Bitcoin (BTC) holdings in its latest show of transparency to reassure customers of its health following the sudden collapse of top cryptocurrency exchange FTX.

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