Binance Publishes April Proof-of-Reserves Report, Highlights NEAR’s Strong Backing

Binance has released its latest Proof-of-Reserves (PoR) report for April, upholding its dedication to transparency and safeguarding customer funds. The report details reserves for 36 cryptocurrencies, showcasing Binance’s substantial over-collateralization of user assets through high reserve ratios. Key figures include: Bitcoin (BTC): 100.99%, Ethereum (ETH): 100.03%, BNB: 111.53%, Tether (USDT): 104.42%, and the newly added NEAR with a reserve ratio of 106.47%.