Binance launches Proof-of-Reserve system for Bitcoin

Binance, the world’s largest crypto exchange by trading volume, released its proof-of-reserves (PoR) system, which it said “is the next step in its “commitment to transparency and fostering trust in the ecosystem.”

Per the official announcement, the launch of the PoR system initially starts with Bitcoin (BTC), with other tokens and networks to be added in the next couple of weeks.