Binance Upgrades Reserve Certification System and Adds 11 Tokens, Bringing Total Value to 63 Billion Dollars
On March 7, Binance announced that its reserve certification system was upgraded and added another 11 tokens, including MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, C…
On March 7, Binance announced that its reserve certification system was upgraded and added another 11 tokens, including MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, CVP, HFT, SSV and DOGE. The total value of the 24 asset reserves shown now exceeds 63 billion dollars.
The total value of Binance’s asset reserves exceeds US $63 billion
Analysis based on this information:
Binance, one of the world’s largest cryptocurrency exchanges, made a significant announcement on March 7 regarding its reserve certification system. The platform revealed that its system had received an upgrade and added another 11 tokens, including MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, CVP, HFT, SSV, and DOGE. With these new tokens, the total value of the 24 asset reserves shown now exceeds $63 billion dollars.
This update signifies the continuation of Binance’s commitment to providing a transparent and secure trading experience for its users. Binance’s reserve certification system is designed to ensure that the exchange holds enough reserves to back up the digital assets that it lists on the platform. This is crucial in the event of market volatility, where exchanges might face challenges to meet their users’ demands to withdraw their assets, especially when a token is on a high trading volume.
The addition of these 11 tokens to the reserve certification system increases the diversity of assets available on the platform, thereby providing more investment opportunities for traders. Binance has been actively expanding its offerings in recent times, with the platform listing multiple new assets and partnering with other companies to bring more tokens to its users.
Worth noting is the inclusion of Dogecoin (DOGE) in this update. DOGE, which started as a meme coin, has gained significant traction in recent weeks, thanks to celebrity endorsements and social media buzz. Binance’s decision to add DOGE as part of its reserve certification system is most likely in response to its popularity and supports its commitment to providing its users with more investment opportunities.
In summary, Binance’s upgrade to its reserve certification and the addition of 11 new tokens to the system indicates the platform’s commitment to providing investors with a safe and diverse range of assets to trade. With a total value of $63 billion dollars, traders can confidently access multiple tokens while knowing that Binance has sufficient reserves to back them up.
In conclusion, the ability of Binance to respond rapidly to shifts in the market is a testament to the platform’s innovation and commitment to the growth of the digital asset market. Investors can look forward to more exciting developments from the platform in the future.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/daily/5757.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Web3 Art Platform Wild Raises $7 Million in Seed Funding Round
It is reported that the Web3 art platform Wild has completed a seed round of financing of US $7 million. Matrix Partners led the investment. Actress Gwyneth Pal
-
When was Little Ant Neo released (has Little Ant ceased production)
When did Little Ant Neo issue Little Ant Neo? In the blockchain industry, there is a saying that goes, ‘Don’t be afraid of no one buying’. What people often hear is, ‘Is it important for you to ask me this question?’ The meaning of this sentence is: no one knows what currency is in your wallet? ? So you want to sell all your digital currencies to you. At that time, everyone thought they were hoarding Bitcoin, but in reality, they just hoped that it could rise enough in price to survive. But now there has been such a situation in the market that large investors are selling their tokens in exchange for profits (the current price is $4), and then these investors convert most of their Cryptocurrency into cash or use it to pay transaction costs and other activities For those who are afraid of such behavior, a good idea is difficult to implement. Therefore, we need to first…
-
The Global Blockchain Patent Race: China Leading the Way
According to reports, according to the Global Blockchain Patent Status Research Report released by the On Chain Industry Blockchain Research Institute, from January 1, 2009 to Dece
-
Ethereum Shanghai Hard Fork Upgrade: A Game-Changing Move for the World’s Second-Most Valuable Cryptocurrency
According to reports, the upgrade of Ethereum Shanghai hard fork will take place on April 12th. Many experts believe that in the long run, hard forking is beneficial for Ethereum.
-
ETH Supply Reaches 5-Month High Based on Glassnode Data
It is reported that according to Glassnode data, the supply of ETH for the last active 6-12 months (1d MA) has just reached 13972630.49 ETH, a new high in near…
-
Binance Announces Support for Flow (FLOW) and Shentu (CTK) Network Upgrades
On April 24th, Binance announced that it will support Flow (FLOW) and Shentu (CTK) network upgrades. During the network upgrade period, the transactions between FLOW and CTK will n
-
Aptos Official Twitter Announces a New Entrusted Pledge Function
According to reports, Aptos official Twitter has announced the launch of the entrusted pledge function, where users can now entrust their mortgage rights to trusted network validat
-
What Does Total Unrealized Amount Mean (What Does the Maximum Decrease in Unrealized Short Positions Mean)?
What Does Total Unrealized Amount Mean Editor\’s note: This article is from Liann
-
What is OKT trading (what happened to the OK exchange)
What is an okt transaction and what is an okt transaction? What is OKT trading? It is achieved through decentralized exchanges on OKExChain. It allows users to conduct transactions without trusting a third party (i.e., an unmanaged, unlicensed network) and obtain one or more tokens as rewards: BTC, ETH, EOS and other Cryptocurrency OKT is composed of tokens and platform tokens issued by OKEx, representing the value transmission medium of the blockchain world. OKB will be used as the underlying asset for payment protocols such as Bitcoin Except for margin contracts, anyone can participate in transactions in OKExDEX to ensure the safety and efficiency of transactions At present, the most popular ERC20Token based on Ethereum in the market is the original TokenOKX of OKExChain. According to the official introduction, OKT is a decentralized peer-to-peer digital currency trading network that enables users to securely exchange various mainstream tokens. This project is committed to establishing a new decentralized financial model that provides…
-
Cardano (ADA) Prices Rise for Ninth Consecutive Day
According to reports, Cardano (ADA) prices have risen for the ninth consecutive day, reaching their highest level since September 27 last year on Saturday. As of the time of public