Binance Updates April Proof of Reserves, Gold Token PAXG Included for the First Time

BlockBeats News, April 7th, Binance updated its April Reserve Report, with BTC reserve rate at 100.03%, USDT reserve rate at 105.62%, ETH reserve rate at 100.00%, and BNB reserve rate at 100.96%.

In the April Reserve Report, the gold-backed token PAXG issued by Paxos was included for the first time, bringing the total reserves to 49 cryptocurrencies.

Compared to the March Reserve Report, within the Binance exchange platform, the amount of BTC held by users decreased by 12,193.855 coins in March, equivalent to about $840 million. The amount of ETH held by users decreased by 178,067.716 coins in March, equivalent to about $374 million.