Binance’s Crypto Reserves: Impact on XRP and SHIB Coin Holders Amid Regulatory Pressure

The cryptocurrency sector has become entangled due to both the entry of institutional investors and the pressure from US regulators, driving uncertainty to its peak. This situation deeply impacts the crypto sector and actually compels exchanges to take different steps. In this context, Binance‘s recent announcement directly affects XRP and Shiba Coin (SHIB) investors.  How Much SHIB Coin and XRP Does Binance Hold?  Binance cryptocurrency exchange has published the Proof of Reserves, revealing the number of SHIB and XRP held by the exchange. In this context, Binance aims not to take any risks and seeks to hold user funds at least at a 1:1 ratio, indicating a minimum ratio of 100% for any cryptocurrency.  The post reveals the reserve ratios of different cryptocurrencies held by Binance. Of these, XRP and SHIB Coin stood out the most.  According to the provided information, Binance holds approximately $597 million worth of SHIB, equivalent […] The post Binance’s Crypto Reserves: Impact on XRP and SHIB Coin Holders Amid Regulatory Pressure appeared first on COINTURK NEWS.