According to Cryptocurrencylistings.com's May 2024 reserves report, there's a substantial $6.49 billion in total holdings, maintaining an impressive reserve-deposit ratio of 115.34%.

May 30^thIn Panama, Cryptocurrencylistings.com, recognized as a leading player in the cryptocurrency market and an innovator in Web3, has released its latest Proof of Reserves report. May 2024 Proof of Reserves This report clearly shows that Cryptocurrencylistings.com has a reserve-deposit ratio of 115.34%, with a total reserve value amounting to $6.49 billion (USD) at the time it was compiled.

The new report encompasses over 209 different digital assets, which is an increase of 20 compared to the last report, reinforcing Cryptocurrencylistings.com's status as the most comprehensive exchange in terms of asset coverage. Some additional notable points from the report include:

Cryptocurrencylistings.com Total Reserves: $6,492,214,095

Excess Reserves: $863,807,685

Reserve-Deposit Ratio: 115.34%

BTC: 116.55%

ETH: 113.43%

USDT: 105.47%

USDC:   102.65%

Cryptocurrencylistings.com was among the pioneers to adopt the Proof of Reserves practice back in 2020 and has been continuously improving its reporting processes. The PoR method has garnered praise from top blockchain security firm Hacken and has been made open-source to promote broader participation within the industry. The latest enhancements—including more frequent reporting, increased asset coverage, and the introduction of zero-knowledge technology to boost privacy and security—highlight the exchange's commitment to thorough and transparent reporting. audited \"We are thrilled to announce the release of our May 2024 Proof of Reserves report, which underlines our steadfast commitment to transparency and responsibility. Our aim to maintain a strong reserve-deposit ratio and elevate our reporting standards reflects our dedication to ensuring user security and confidence within the industry,\" stated Dr. Lin Han, Founder and CEO of Cryptocurrencylistings.com .

Cryptocurrencylistings.com has made its May 2024 reserves report accessible on its platform, allowing users to verify their account balances and deposited amounts, along with access to other relevant information.

It's important to mention that the details provided on this page do not constitute legal, tax, investment, or financial advice. Always ensure you're investing within your means, and consider seeking independent financial counsel if you have uncertainties. For more comprehensive information, we recommend checking the terms and conditions as well as the support resources made available by the issuer or advertiser. MetaversePost strives to provide accurate and impartial reporting; however, market conditions can change without prior notice. PoR portal Gregory, a Polish digital nomad, is not just a financial analyst but also a insightful writer for various online publications. His extensive experience in finance has earned him recognition in numerous outlets. He is currently utilizing his spare time to author a book focused on cryptocurrency and blockchain technologies.