Binance Releases Newest Proof Of Reserves Report As Hybrid Exchange Tradecurve Works Towards Releasing It – Benzinga


Binance recently released its newest Proof of Reserves (PoR) report causing the Binance Coin (BNB) to rise. Meanwhile, emerging hybrid exchange Tradecurve (TCRV) is also diligently working towards implementing its own PoR. As a result, it solidifies its commitment to transparency and building trust with its user base.
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The biggest cryptocurrency exchange in the world, Binance, has released its most recent Proof of Reserves (PoR) report, revealing its cryptocurrency holdings. Moreover, the platform's data indicates that the exchange's PoR was examined on August 1 at 0:00 UTC.
With reserve rates ranging from 101.62% to 117.99%, Binance's PoR report shows that the exchange's reserves are much higher than the net balance of its customers for all the listed cryptocurrencies. This demonstrates that Binance has more than enough cash to cover prospective customer withdrawals.
After this news, the Binance Coin (BNB) price surged. In fact, in the past 14 days, the Binance Coin value increased by 0.8%. The Binance Coin price currently sits at $241.79 with a market cap of $37.1B, down 0.98% overnight. Moreover, the Binance Coin technical analysis shows a bearish outlook, as all moving averages display strong sell signals. 
Following platforms like Binance, Tradecurve (TCRV), a promising hybrid exchange, is actively working on implementing its own PoR. The need for transparent and verifiable proof of reserves becomes paramount as the platform gains traction and attracts more users.
Tradecurve's hybrid infrastructure architecture combines the greatest features of CEX and DEX. Furthermore, it taps into many flourishing markets. For example, the ETF market was worth $202.53B in June 2022. By allowing all derivatives to be traded on one account, Tradecurve enables users from all over the globe to enter this booming market. 
In addition, one of the significant drawbacks of many exchanges is the intrusive and time-consuming KYC verification process. Tradecurve eliminates this hassle by eliminating these requirements and allowing the creation of an account using email only. Thus, traders can operate in complete privacy and anonymity.
The Tradecurve ecosystem also boasts cutting-edge technology, including automated trading and AI systems. Users have the opportunity to subscribe to proven trading algorithms and AI strategies. As a result, they are increasing their chances of profitability and optimizing their trading strategies.
TCRV operates as the native utility token of the Tradecurve platform. As the platform's backbone, TCRV serves multiple purposes within the ecosystem. It grants users various benefits, such as reduced trading fees and governance voting rights. Currently, the TCRV token has a value of just $0.025 as it is in Stage 5 of its presale. 
Experts have pointed to the Binance Coin ICO, which started at $0.11 but is now trading at $241, as they predict the same or more significant growth for Tradecurve. Similarly, Tradecurve started its journey with an ICO price of $0.01, but some believe it could grow 50x before the presale ends. Follow the links below if you wish to buy this future blue-chip token.
For more information about the Tradecurve (TCRV) presale:
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This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. This contains sponsored content and is for informational purposes only and not intended to be investing advice. Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. These tokens are subject to larger liquidity and market risks.
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