PANews reported on November 6 that according to Cryptoquant, November 6 will mark the second anniversary of the collapse of the FTX exchange. Currently, among the major exchanges, Coinbase is the only exchange that does not provide a public Proof-of-Reserve (PoR) report, while other major exchanges regularly provide PoR reports with different levels of transparency. For example, Binance provides detailed PoR, including: 1. Publishing on-chain addresses so that anyone can verify its crypto asset holdings (Proof of Assets, PoA); 2. Users can verify whether their account balances are included in the total liabilities of the exchange (user deposits); 3. The report covers assets other than Bitcoin and Ethereum.
Since the intensification of US regulatory pressure in 2023, Binance's Bitcoin reserves have increased by 28,000 (about 5%), with a total holding of 611,000. Since the collapse of FTX in 2022, only Bitfinex and Binance's Bitcoin reserves have shown growth among major exchanges.
