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Proof of Reserves: Binance Shows $120B Coverage Across 34 Tokens

  • Binance has released its 24th Proof of Reserve (PoR) report, showcasing a reserve of 34 tokens with a total value of over $120 billion.
  • The report highlights a significant increase in user-held assets for key coins such as BTC and ETH.
  • Binance has incorporated zk-SNARKs, a privacy-enhancing technology, into its PoR system to ensure accurate verification and protect user data.
  • These developments aim to build customer confidence and establish Binance as a secure platform for asset management.

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