Binance, the world’s largest cryptocurrency exchange, has released its latest Proof of Reserve (PoR) report, displaying trillions of Shiba Inu tokens held by users on the exchange.
Binance Holds Over 67 Trillion Shiba Inu Tokens
On Monday, April 1, Binance published its 17th proof of reserve report. The exchange revealed a ratio of over 100% between the net balances of all of its digital assets and customer net balance.
The ratio of Shiba Inu native token SHIB was approximately 103.60%, highlighting the exchange’s commitment to safeguarding users’ assets by collateralizing them at a 1:1 ratio.
As disclosed by the report, Binance currently holds about 65,321,321,452,095.36 (65.3 trillion) SHIB tokens in its customer net balance, while Binance’s net balance boasts a reserve of 67,670,462,296,521 (67.6 trillion) SHIB.
With the price of Shiba Inu trading around $0.0000276 at the time of writing and reflecting a steep decrease of 5.83%, this puts users’ Shiba In
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