[adrotate group="2"]

BINANCE BREAKS RECORDS: 30 MONTHS OF UNSTOPPABLE RESERVE RATIO OVER 100%!

Crypto Monarch Stays on Top! The world’s biggest crypto exchange, Binance, has just done the unthinkable! For a mind-blowing 30 consecutive months, this titan has maintained a reserve ratio soaring above 100%!

SHOCKING STATS REVEALED!

In a recent jaw-dropping update, Binance showcased it holds 616,886 BTC—that’s a staggering safety net for its customer net balances of 604,410 BTC! Do the math, folks—this gives us a rock-solid reserve ratio of 102%!

UNVEILING THE TRUTH

This jaw-dropping achievement is no accident. Binance has had its eyes wide open since the catastrophic FTX collapse in November 2022, which sent shockwaves through the crypto world. The exchange launched a Proof-of-Reserve initiative to build back trust, publishing monthly attestations checked by big-name auditors like Mazars. Yep, they’re keeping it REAL!

CryptoQuant whiz, Maartun, underscored Binance’s rock-solid track record: “This shows a strong asset backing and ongoing commitment to transparency.” Whoa!

MYSTERY OF THE 616,886 BTC

Out of that whopping total, 603,374 BTC is held on-chain, while 13,512 BTC has taken a vacation in third-party custody on the BNB Smart Chain as BTCB. The stakes are high, and Binance is playing the game like a pro!

RUMORS CRUSHED!

In March, whispers swirled that Binance was tampering with its BTC by converting it to USDC. But NOPE! CryptoQuant stepped in, and thanks to their thorough analysis, those wild allegations were put to bed! Binance’s numbers match the on-chain data!

Trust issues? Not here!

MARKET DOMINANCE AT ITS FINEST!

Despite some naysayers, including Kraken’s big boss Jesse Powell, who pick apart proof-of-reserve reports, Binance is flexing its financial muscle and holding the crypto market’s trust. The exchange’s stablecoin reserves are also booming, boasting over $31 billion, a staggering increase since mid-2023!

BNB TOKEN ON THE RISE!

Meanwhile, Binance’s very own token, BNB, is climbing the charts! Just a slight bump of 1.3% in the last 24 hours, trading at nearly $658! Over the past week, BNB has jumped a whopping 8.5% as the broader crypto market exploded by 12.4%!

Don’t be fooled by the lag; in the past month, BNB skyrocketed by 11.4%, currently just 16.5% shy of its all-time high! The excitement is palpable!

Hold onto your hats—Binance is showing no signs of slowing down, and the crypto world is watching every move!