Binance Publishes Details of Holdings in its Hot Wallet
TeknolohiyaBinance Publishes Details of Holdings in its Hot Wallet 11 / 10 / 2022 Balita ng Ethereum ng Bitcoin The total number of its Bitcoin (BTC) holdings came in at 475,000, worth about $8.42 billion based on the current price of Bitcoin pegged at $17,744.28 per data from CoinMarketCap. The exchange said it has a total of 4.8 million ETH, 17.6 billion USDT, 21.7 billion BUSD, 601 million USDC, and 58 million BNB. If aggregated together, the funds are worth more than $72 billion judging by the prices of all assets at the time of writing. The figures posted send confidence into the Binance community with many attesting to the strong liquidity and solvency of the trading platform. With the whole fiasco surrounding the rival trading firm, FTX, many exchanges have been placed on the edge as customers demand Proof-of-Reserve. Now that Binance has taken the lead, more exchanges may also follow suit as this seems to be the only thing that can pacify investors at this time. The crypto ecosystem has passed through tumultuous seasons this year with the collapse of Terra (LUNA) initially sending top crypto lenders like Celsius Network and Voyager Digital to file for bankruptcy. The rout in the industry was very encompassing,