@cryptoquant_com's findings on some crypto exchanges' Proof-of-Reserves (PoR).
If you're keen to dig into PoR, @Dale21M did a deep dive explaining some of its limitations: thechainsaw.com/business/indus…
Anyway, this is what CryptoQuant found (1/6) 🧵:
1. Binance (@binance)
• $BUSD: 33.78%
• $USDT (@Tether_to): 23.75%
• $BNB: 11.41
2. Crypto.com (@cryptocom)
• $USDC: 31.27%
• $BTC: 22.18
• $ETH: 19.52%
3. OKX (@okx)
• $USDT (@Tether_to): 46.02%
• BTC: 24.31%
• ETH: 20.64%
4. Bitfinex (@bitfinex)
• BTC: 46.99%
• $LEO (Bitfinex’s native token): 34.07%
• ETH: 14.23%
5. KuCoin (@kucoincom)
• USDT: 36.81%
• $KCS (#Kucoin’s native token): 21%
• BTC: 12.29%
6. Huobi (@HuobiGlobal)
• $HT (#Huobi’s native token): 44.92%
• USDT: 19.8%
• BTC: 14.43%
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