Binance To Provide Proof Of Reserves After FTX Acquisition Deal Announced, Says CEO Changpeng Zhao

Cryptocurrency exchange Binance will soon initiate the process of providing proof of reserves, to ensure complete transparency, the firm’s CEO and co-founder Changpeng Zhao on Tuesday said, hours after he announced the acquisition of rival exchange FTX. “All crypto exchanges should do Merkle-tree proof-of-reserves.