Bitcoin's Role in Exchanges Proof of Reserve

[akeemqaz]

BTC drops and altcoins follow. SOL nearly fell below $100, but as soon as BTC pumped, altcoins recovered as well. I think this is why most exchanges have more BTC in their Proof of Reserve, as it controls the market and is less volatile in dropping than other coins.

I've been wondering if any exchange's Proof of Reserve has increased this year due to Bitcoin fluctuations. If there are any, I'd love to see them in this thread. This information might be useful for people looking for better CEXs, especially during this period when some CEXs are exiting particular regions.

[Gurujebs]

BTC drops and altcoins follow. SOL nearly fell below $100, but as soon as BTC pumped, altcoins recovered as well. I think this is why most exchanges have more BTC in their Proof of Reserve, as it controls the market and is less volatile in dropping than other coins.

I've been wondering if any exchange's Proof of Reserve has increased this year due to Bitcoin fluctuations. If there are any, I'd love to see them in this thread. This information might be useful for people looking for better CEXs, especially during this period when some CEXs are exiting particular regions.

Exchange reserve means customers token/coins they hold on their wallet and it doesn't mean they hold more Bitcoin. You are seeing more Bitcoin on the exchanges because people tend to hold Bitcoin more, even other investors that buy and hold altcoins all have Bitcoin as their first choice of coins before any altcoins in their respective custodial exchanges.

If you look at the reserve, they do follow each other in ascending order of market cap. You will first see Bitcoin, follow by Ethereum, BNB, and Sol and then other meme coins that top the market cap.

[luckyledger]

BTC drops and altcoins follow. SOL nearly fell below $100, but as soon as BTC pumped, altcoins recovered as well. I think this is why most exchanges have more BTC in their Proof of Reserve, as it controls the market and is less volatile in dropping than other coins.

I've been wondering if any exchange's Proof of Reserve has increased this year due to Bitcoin fluctuations. If there are any, I'd love to see them in this thread. This information might be useful for people looking for better CEXs, especially during this period when some CEXs are exiting particular regions.

Exchange reserve means customers token/coins they hold on their wallet and it doesn't mean they hold more Bitcoin. You are seeing more Bitcoin on the exchanges because people tend to hold Bitcoin more, even other investors that buy and hold altcoins all have Bitcoin as their first choice of coins before any altcoins in their respective custodial exchanges.

If you look at the reserve, they do follow each other in ascending order of market cap. You will first see Bitcoin, follow by Ethereum, BNB, and Sol and then other meme coins that top the market cap.

Thanks for the little inside, it's appreciated! So, the BTC leads the way

[yhiaali3]

You can know the exchanges' asset reserves through the Merkle tree, because exchanges hold different assets in different wallets and the Merkle tree summarizes the assets held by the exchange at the root of the Merkle tree. Users can check if their account balance is included in the Merkle tree.

Here you can take a look at the status of exchanges with proof of reserves (PoR):

https://milkroad.com/exchanges/proof-of-reserves/

[Zaguru12]

BTC drops and altcoins follow. SOL nearly fell below $100, but as soon as BTC pumped, altcoins recovered as well. I think this is why most exchanges have more BTC in their Proof of Reserve, as it controls the market and is less volatile in dropping than other coins.

Even if we keep saying that bitcoin is volatile I think we can all agree that it’s volatility is minimal this days and no where near the volatility of these other cryptocurrencies and that’s why for many reason almost every investor treats bitcoin as an asset even with its volatility. In this crypto market if there’s any coin that one can boast of that always recovers it is certainly bitcoin that’s why we have it more as a proof of reserve even sometimes in larger quantity than even some stable coins.

I've been wondering if any exchange's Proof of Reserve has increased this year due to Bitcoin fluctuations. If there are any, I'd love to see them in this thread. This information might be useful for people looking for better CEXs, especially during this period when some CEXs are exiting particular regions.

The incremental changes of any proof of reserve will depend on the amount or the price at which bitcoin is accumulated, any reserve that has been holding bitcoin is since the start of last year should definitely be in profit. Right now the only one I have read about is that of binance which they tag SAFU, there was a move of its bitcoin from the cold wallet to hot wallet some weeks ago maybe to sell off some Profits

[Doan9269]

BTC drops and altcoins follow. SOL nearly fell below $100, but as soon as BTC pumped, altcoins recovered as well.

Bitcoin is the leading cryptocurrency and when it falls, almost every other altcoins join and follow suite, except if its just a mere bear which have no high significance in sending the market to dip, same as well if the market price of bitcoin rises, others follow on same pattern.

I think this is why most exchanges have more BTC in their Proof of Reserve, as it controls the market and is less volatile in dropping than other coins.

Any reputable exchange should have bitcoin investment being the highest of every other digital crypto assets on them.

[bhadz]

BTC drops and altcoins follow. SOL nearly fell below $100, but as soon as BTC pumped, altcoins recovered as well. I think this is why most exchanges have more BTC in their Proof of Reserve, as it controls the market and is less volatile in dropping than other coins.

Sometimes it is not as highly volatile as it is but don't be confident because we've seen on how it had dropped a lot for so many times.

I've been wondering if any exchange's Proof of Reserve has increased this year due to Bitcoin fluctuations. If there are any, I'd love to see them in this thread. This information might be useful for people looking for better CEXs, especially during this period when some CEXs are exiting particular regions.

I think that they do. They've got a designated team or staff working on that and that's why they also hire traders that trades for them.

[Aanuoluwatofunmi]

Most exchanges have bitcoin as their major reserve coins, and if you go through many of them now, you're going to discover on how they are performing well, because they are making use of bitcoin, most of their investors are bitcoin holders and also that many are using the exchanges because they are holding bitcoin for their their investment and daily use.

[Aanuoluwatofunmi]

Some exchanges are benefiting from the influence and existence of bitcoin investors on them, because if we go by the asset most people invest on from every exchange is bitcoin, and this is by way far from what other crypto assets all sum up to be, that is why bitcoin should not be undermine like that because its the major stronghold of all exchanges investments before any other asset could be in consideration.

[Crypto Library]

It is not necessary to mention only Binance Exchanger here, it would be better if I mean most of the Exchangers or all Ekchangers. Because of all the top exchangers that I have seen, I have not seen any report that has the correct report of Proof of Reserve.
And that's why the wise people in crypto are always saying that if you have a large fund or if you want to hold for a long term, you should always use a de-centralized wallet. Exchange should be used only for exchange.

[Z-tight]

Most exchanges have bitcoin as their major reserve coins, and if you go through many of them now, you're going to discover on how they are performing well, because they are making use of bitcoin, most of their investors are bitcoin holders and also that many are using the exchanges because they are holding bitcoin for their their investment and daily use.

Exchanges operate through fractional reserve, so if you store your funds in their platform, do not have any impression that they are simply going to keep the coins safely for you, lol. They use part of their customers money to try and make more money for themselves, and that is by putting it into some kind of investment, so not your keys, not your coins.