Friday, June 14, 2024

Binance’s Bitcoin Reserves Are Overcollateralized, Says Audit

by Jeremy

The report was meant to guarantee clients that their bitcoin (BTC) property are collateralized, exist on the blockchain and are in Binance’s management. Mazars took a snapshot of Binance’s whole reserves and liabilities on Nov. 22 to carry out a collateralization evaluation. Belongings included have been clients’ spot, choices, margin, futures, funding, mortgage and earn accounts for BTC and wrapped bitcoin (BBTC and BTCB) held on the Bitcoin, Ethereum, BNB Chain and Binance Sensible Chain blockchains.

Supply hyperlink

You have not selected any currency to display