Monday, June 24, 2024

On-Chain Knowledge Exhibits Crypto Trade Binance Is not Exhibiting ‘FTX-Like’ Habits

by Jeremy

“On the time Binance’s Proof of Reserves report was carried out, CryptoQuant’s estimate of Binance’s BTC reserves (liabilities) was 591,939 BTC. This compares to the PoR report’s Buyer Legal responsibility Report Steadiness of 597,602 BTC. We will see that CryptoQuant information lined 99% of Binance’s liabilities,” CryptoQuant wrote, utilizing the ticker image for bitcoin. Collateralization is 101% when taking the trade’s belongings and debtors under consideration, it mentioned.

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