Data analytic firm, CryptoQuant, has attested to the audit reserve report published by the most significant crypto asset manager, Binance, using on-chain data. In a research post, the firm shared that Binance’s Bitcoin reserve matched its on-chain metric by 99%.
The research concluded:
However, CryptoQuant disclaimed that it was not trying to make favorable sentiments for the Binance exchange or the BSC/BNB ecosystem. Instead, it only reported based on available data that the amount of BTC the Binance exchange said it held as liabilities during the proof-of-reserve report makes sense.
The post Binance Audited PoR Matches On-chain Data by 99% Says CryptoQuant appeared first on Coin Edition.
See original on CoinEdition
Source: Cryptocurrency - investing.com
