Coinbase reveals 102% Bitcoin backing as Binance updates reserves
Coinbase has expanded its roadmap, with a new report revealing a 102% Bitcoin (BTC price) ratio, indicating full 1:1 backing. Meanwhile, Binance has published a fresh Proof of Reserves report.
The Coinbase report, authored by an unnamed source, provides clarity on the exchange's Bitcoin (crypto) holdings. The 102% ratio suggests that Coinbase has more Bitcoin than it owes to customers, offering reassurance about the security of users' funds.
Separately, Binance has released a new Proof of Reserves report. This follows the exchange's commitment to transparency and rebuilding trust after recent controversies.
The Coinbase report brings welcome clarity to its Bitcoin (bitcoin price) holdings, while Binance's latest Proof of Reserves report underscores the exchange's commitment to transparency.
