Binance’s Proof-Of-Reserves Report “Makes Sense” With On-Chain Data, Says CryptoQuant

CryptoQuant says Binance’s recently released Proof-of-Reserves report “makes sense” when compared with on-chain data. Binance’s Bitcoin Liabilities In Proof-Of-Reserves Report Are Consistent With On-Chain Data The Proof-of-Reserves (PoR) here refers to the public proof that an exchange has backed its customers’ entire deposits with proper collateralization. Since the collapse of FTX, distrust around centralized platforms