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There has been much debate about proving reserves, self-custody of the more than $5 billion of Bitcoin and Ethereum left on exchanges between November 7th and November 14th, 2022, but Binance Bitcoin stashes have increased significantly since November. 12. In fact, cryptoquant.com indicators show that Binance’s Bitcoin reserves reached all-time high on his November 19, 2022, using the Bitcoin exchange rate of November 20, 2022 is shown. .
Binance, a centralized exchange (cex), is the largest cryptocurrency exchange by trading volume, and the trading platform holds a significant amount of digital assets.There has been much discussion about Retention Guarantee Recently, exchanges have shared crypto addresses to prove they hold specific assets.
After the demise of FTX, Binance CEO Changpeng Zhao (CZ) said: spoke publicly Binance will launch Proof of Reserve soon. Later that week, the exchange provided hot and cold wallet addresses associated with Binance, and the company also promised a Merkle tree. [proof-of-reserves]and will be sharing it with the community “in the coming weeks.”
Analytics firm Nansen has also published a dashboard containing digital currency exchange reserves. Deribit, crypto dot com, understood, KucoinWhen binance. a snap shot According to archive.org, Binance’s reserve status on November 11, 2022 was $26.71 billion. Nine days later, Nansen’s Binance reserves dashboard shows that the company now holds $65.69 billion worth of crypto assets.
6 days ago, Bitcoin.com News report More than $5 billion, according to data from November 7 to November 14, 2022 Bitcoin When ethereum Removed from the exchange. statistics According to cryptoquant.com, Binance holds around 526,128. Bitcoin By November 6, 2022 and November 12, 2022, Binance Bitcoin stash decreased to 447,964.Company’s Bitcoin Reserves fell by 78,164 Bitcoins in 6 days. November 18th, blockchain parsermore specifically btc parser3which indicated that there was a binance Move large amounts of BTC From cold and hot wallets.
Additionally, Bitcoin on Binance (Bitcoin) At least according to cryptoquant.com stats, the reserve stash is at an all time high. On November 19, 2022, cryptoquant.com records reported that Binance held 582,511 bitcoins. If cryptoquant.com’s data is correct, Binance is at 2.77% BitcoinThe total supply of is 21 million.
Coinglass.com Bitcoin Exchange Balance data It shows that Binance is holding 572,332.34 on November 20, 2022. Coinglass.com metrics show 127,224.90 added to Bitcoin Cash on Binance in the last 7 days.
Binance’s exchange balance stats, taken from both cryptoquant.com and coinglass.com, show that the exchange currently holds more balances. Bitcoin From coinbase. Cryptoquant.com Metrics Show Coinbase Pro Holds 533,946 Bitcoin November 19, 2022. Bitcoin exchange balance data from Coinglass.com shows Coinbase Pro at 529,544.83 Bitcoin Sunday, November 20, 2022
What are your thoughts on Binance’s Bitcoin reserve status growing to nearly 600,000 Bitcoins this weekend? Let us know what you think about this in the comments section below.
image credit: Shutterstock, Pixabay, Wiki Commons, Editorial photo credit: Primakov / Shutterstock.com
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