Binance News: Exchange Maintains 100% Reserve Ratio for 29 Months, Cryptocurrency Trader Sees Massive Profit

In a significant development for the cryptocurrency world, Binance has consistently maintained a 100% reserve ratio for 29 months straight, reassuring users about the safety of their assets. Additionally, a cryptocurrency trader has made a remarkable profit, turning $232 into $1.1 million.

Binance Maintains 100%+ Reserves for 29 Months Straight

Binance has achieved a 100% reserve ratio in proof-of-reserve data for the 29th month straight, proving its capacity to support all user deposits. Public speculation about the exchange selling Bitcoin was proven incorrect after a detailed analysis of its proof-of-reserve data. Users are assured of their asset safety due to clear audit trails and proper asset documentation maintained by Binance.

Cryptocurrency Trader Turns $232 Into $1.1 Million with MUBARAK Tokens

A trader managed to turn a $232 investment into over $1.1 million by investing in MUBARAK tokens. The trader initially spent 0.4 BNB to buy 10.5 million MUBARAK tokens and later sold a portion for 576 BNB, worth $363.5K. The trader still holds 5.16 million MUBARAK tokens worth $764K. Binance founder Changpeng Zhao also purchased $600 worth of MUBARAK tokens.