@cz_binance it looks like the crypto market will collapse again, the volume is decreasing, even though the candle looks green, is this what is called market manipulationπ€π€π€
All crypto exchanges should do merkle-tree proof-of-reserves.
Banks run on fractional reserves.
Crypto exchanges should not.
@Binance will start to do proof-of-reserves soon. Full transparency.
Two big lessons:
1: Never use a token you created as collateral.
2: Donβt borrow if you run a crypto business. Don't use capital "efficiently". Have a large reserve.
Binance has never used BNB for collateral, and we have never taken on debt.
Stay #SAFU.π