Binance Expands Proof of Reserves Report with 11 New Tokens - Here Are the Coins That Were Added

Binance has expanded its Proof-of-Reserve (PoR) report to include 11 more tokens, bringing the overall amount of funds verifiable via the exchange's PoR system to over $63 billion.

"With the addition of 11 assets to its PoR system, Binance, the world’s largest exchange by trading volume, now shows over 63B USD in reserves," the exchange said in the announcement.

The unprecedented collapse of FTX, once the third-largest cryptocurrency exchange, stirred up a lot of concerns within the crypto industry over the reliability of centralized players.

Binance was among the very first platforms to share its Proof of Reserves report. Initially, the platform shared a list of how many tokens it has but noted that it was “not a complete set of data” and that further details will be shared in an upcoming full audit report.

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