Binance Releases Proof of Reserves System

Binance announced the release of its Proof of Reserve (PoR) system. The feature starts with $BTC at launch, with other tokens and networks being added in the next couple of weeks.

The snapshot time of the first batch of audit results is November 22nd at 23:59, UTC. The results show that Binance has 582,485.9302 $BTC in on-chain reserve, and 575,742.4228 $BTC in customer net balance. The reserve ratio is 101%.

Binance said that it will launch the next batch of PoR in the next two weeks, including additional assets.