Binance disclosed information on its reserves in cryptocurrenc | Cryptoage.com

Binance disclosed information on its reserves in cryptocurrency

crypto wallets binanceFor the past few days, the crypto market has been very hard going through the situation of a possible bankruptcy of the second largest crypto exchange FTX.com. Due to speculation with the native token of the FTT exchange, the entire crypto market enters the “perfect storm” stage, when investors and traders lose confidence in all crypto exchanges and crypto currencies and tokens. As a result, not only the FTT token loses its value, but also such crypto leaders as Bitcoin, Ethereum and USDT. If for Bitcoin and Ethereum a price decrease is a normal phenomenon, then USDT decoupling from the price of 1 USD tells us that the current crypto crisis can collapse the entire crypto market several times and for a long time due to a complete loss of confidence in the cryptocurrency industry. In order to somehow reduce the degree of heat and stop the withdrawal of capital from crypto assets, the largest exchange Binance officially publishes its reserves in cryptocurrencies with confirming links to addresses that anyone can see.
Read More https://ift.tt/hKVWjMT