CryptoQuant Data Indicates Binance Isn’t Displaying ‘FTX-Like’ Behavior

According to a report from CryptoQuant, Binance, now the top cryptocurrency exchange by volume traded, is not going to replace FTX. The analytics company headquarters in Seoul used on-chain data to back up assertions made in a recent audit that Binance is overcollateralized. CryptoQuant: On-Chain Data Shows Crypto Exchange Binance Isn't Exhibiting ‘FTX-Like’ Behavior https://t.co/UipTX6EuJU — CZ 🔶 Binance (@cz_binance) December 16, 2022 CryptoQuant Estimations of Binance Reserves CryptoQuant’s estimation of Binance’s BTC reserves (liabilities) at the time Binance’s Proof of Reserves document was prepared was 591,939 BTC. In contrast, the Customer Liability Report Balance in the PoR report was The post CryptoQuant Data Indicates Binance Isn’t Displaying ‘FTX-Like’ Behavior appeared first on Cryptoknowmics-Crypto News and Media Platform .