Bitcoin
Bitcoin (BTC)
$105,795.00 -1.39781
Bitcoin price
Ethereum
Ethereum (ETH)
$2,407.46 -3.2903
Ethereum price
BNB
BNB (BNB)
$646.23 -1.71248
BNB price
Solana
Solana (SOL)
$146.63 -5.61502
Solana price
XRP
XRP (XRP)
$2.17 -4.10735
XRP price
Shiba Inu
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$0.0000112 -2.27878
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000093 -5.39691
Pepe price
Bonk
Bonk (BONK)
$0.0000137 -5.70894
Bonk price
dogwifhat
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$0.792324 -8.88604
dogwifhat price
Popcat
Popcat (POPCAT)
$0.276127 -8.53842
Popcat price
Bitcoin
Bitcoin (BTC)
$105,795.00 -1.39781
Bitcoin price
Ethereum
Ethereum (ETH)
$2,407.46 -3.2903
Ethereum price
BNB
BNB (BNB)
$646.23 -1.71248
BNB price
Solana
Solana (SOL)
$146.63 -5.61502
Solana price
XRP
XRP (XRP)
$2.17 -4.10735
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000112 -2.27878
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000093 -5.39691
Pepe price
Bonk
Bonk (BONK)
$0.0000137 -5.70894
Bonk price
dogwifhat
dogwifhat (WIF)
$0.792324 -8.88604
dogwifhat price
Popcat
Popcat (POPCAT)
$0.276127 -8.53842
Popcat price
Bitcoin
Bitcoin (BTC)
$105,795.00 -1.39781
Bitcoin price
Ethereum
Ethereum (ETH)
$2,407.46 -3.2903
Ethereum price
BNB
BNB (BNB)
$646.23 -1.71248
BNB price
Solana
Solana (SOL)
$146.63 -5.61502
Solana price
XRP
XRP (XRP)
$2.17 -4.10735
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000112 -2.27878
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000093 -5.39691
Pepe price
Bonk
Bonk (BONK)
$0.0000137 -5.70894
Bonk price
dogwifhat
dogwifhat (WIF)
$0.792324 -8.88604
dogwifhat price
Popcat
Popcat (POPCAT)
$0.276127 -8.53842
Popcat price
Bitcoin
Bitcoin (BTC)
$105,795.00 -1.39781
Bitcoin price
Ethereum
Ethereum (ETH)
$2,407.46 -3.2903
Ethereum price
BNB
BNB (BNB)
$646.23 -1.71248
BNB price
Solana
Solana (SOL)
$146.63 -5.61502
Solana price
XRP
XRP (XRP)
$2.17 -4.10735
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000112 -2.27878
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000093 -5.39691
Pepe price
Bonk
Bonk (BONK)
$0.0000137 -5.70894
Bonk price
dogwifhat
dogwifhat (WIF)
$0.792324 -8.88604
dogwifhat price
Popcat
Popcat (POPCAT)
$0.276127 -8.53842
Popcat 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.