Binance was one of the first crypto exchanges to reveal their proof-of-reserves, and it wasn’t long before numerous other crypto firms followed suit. However, these earlier proof-of-reserves were nothing more than the balances of the cold wallets belonging to the exchanges. Read More: Crypto Exchanges Rush To Provide Proof-of-Reserves Following FTX Crisis With Binance finally launching its Merkle Tree proof-of-reserves with cryptographic evidences, the exchange tried to set a benchmark for th...
