Binance Adds CAKE to Proof of Reserves
Binance Adds CAKE to Proof of Reserves
🔐 CAKE joins reserves
Binance has expanded its Proof of Reserves (PoR) system to include CAKE, bringing the total number of cryptocurrencies covered to 50.
The PoR mechanism enables anyone to independently verify that user assets are backed 1:1 on the platform. This transparency tool allows users to confirm their funds are fully reserved.
The latest reserves data is available at binance.com/en/proof-of-reserves.
Key Points:
- CAKE now included in monthly reserves
- Total of 50 cryptocurrencies covered
- Public verification available to all users
Our #Binance Proof of Reserves (PoR) mechanism allows anyone to check that our user assets are backed 1:1. 🔐 This month, $CAKE was added to the reserves, bringing the total to 50 cryptocurrencies. Check out this month's PoR here 👉 binance.com/en/proof-of-re…
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