Bitcoin
Bitcoin (BTC)
$64,035.00 -3.02482
Bitcoin price
Ethereum
Ethereum (ETH)
$3,168.99 -8.17195
Ethereum price
BNB
BNB (BNB)
$555.89 -4.98825
BNB price
Solana
Solana (SOL)
$170.41 -2.0123
Solana price
XRP
XRP (XRP)
$0.6060080 0.33559
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000161 -5.66796
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000117 -4.18881
Pepe price
Bonk
Bonk (BONK)
$0.0000267 -5.43497
Bonk price
Bitcoin
Bitcoin (BTC)
$64,035.00 -3.02482
Bitcoin price
Ethereum
Ethereum (ETH)
$3,168.99 -8.17195
Ethereum price
BNB
BNB (BNB)
$555.89 -4.98825
BNB price
Solana
Solana (SOL)
$170.41 -2.0123
Solana price
XRP
XRP (XRP)
$0.6060080 0.33559
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000161 -5.66796
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000117 -4.18881
Pepe price
Bonk
Bonk (BONK)
$0.0000267 -5.43497
Bonk price
Bitcoin
Bitcoin (BTC)
$64,035.00 -3.02482
Bitcoin price
Ethereum
Ethereum (ETH)
$3,168.99 -8.17195
Ethereum price
BNB
BNB (BNB)
$555.89 -4.98825
BNB price
Solana
Solana (SOL)
$170.41 -2.0123
Solana price
XRP
XRP (XRP)
$0.6060080 0.33559
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000161 -5.66796
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000117 -4.18881
Pepe price
Bonk
Bonk (BONK)
$0.0000267 -5.43497
Bonk price
Bitcoin
Bitcoin (BTC)
$64,035.00 -3.02482
Bitcoin price
Ethereum
Ethereum (ETH)
$3,168.99 -8.17195
Ethereum price
BNB
BNB (BNB)
$555.89 -4.98825
BNB price
Solana
Solana (SOL)
$170.41 -2.0123
Solana price
XRP
XRP (XRP)
$0.6060080 0.33559
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000161 -5.66796
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000117 -4.18881
Pepe price
Bonk
Bonk (BONK)
$0.0000267 -5.43497
Bonk price

Binance lags behind Coinbase, Kraken and Gate.io in proof of reserves initiative

News
Binance lags behind Coinbase, Kraken and Gate.io in proof of reserves initiative

On November 8, Changpeng Zhao — the CEO of the world’s leading crypto exchange, Binance — suggested that cryptocurrency exchanges should provide proof of reserves. Still, his exchange ended up not being one of those that led by example regarding this initiative.

As of November 14, cryptocurrency exchanges Binance, Kraken, Coinbase, Gate.io, Crypto.com, Bitfinex, and Huobi have all provided proof of their reserves, according to Blockchain Center. Still — despite the initiative recently announced by Zhao — only Kraken, Coinbase, and Gate.io provided relevant audits proving their reserves.

Centralized cryptocurrency exchanges suffer from a significant loss of trust from the crypto community after the recent bankruptcy of major crypto exchange FTX — a platform perceived as one of the most reliable. Blockchain analytics firm Glassnode tweeted that following FTX’s collapse Bitcoin (BTC) holders started withdrawing Bitcoin from exchanges “at a historic rate” of $106,000 BTC per month.