Binance has augmented its Proof-of-Reserve (PoR) report, extending it to cover 11 more tokens and raising the overall amount of verified funds by means of the PoR system to more than $63bn. The world’s largest cryptocurrency exchange included MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, CVP, HFT, SSV and DOGE in the PoR system, bringing the total number of cryptocurrencies verifiable on the exchange to 24, according to a blog post. Following the dramatic collapse of once high-profile exchange FTX, numerous cryptocurrency executives initiated sharing proof of reserves to alleviate industry scepticism.
