CEX exchanges are facing increasing pressure to disclose

CEX exchanges are facing increasing pressure to disclose their asset reserves. Behind this is increasing asset transparency and offsetting the current liquidity pressure on the cryptocurrency market.
Regarding proof of reserves, on November 8 Binance CEO Changpeng Zhao (CZ) talked about the issue of cryptocurrency exchanges using fractional reserve accounting, and also mentioned that the cryptocurrency industry should not follow the practices established by the banking industry. .
Several exchanges have agreed to release proofs of reserves in the coming days and weeks. But after Crypto.com issued a partial reserve statement, the CRO token fell sharply.
Crypto.com CEO Kris Marszalek tweeted details of Crypto.com’s reserves to address bankruptcy rumors. #CRO 

.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}CEX exchanges are facing increasing pressure to disclose their asset reserves. Behind this is increasing asset transparency and offsetting the current liquidity pressure on the cryptocurrency market.

CEX exchanges are facing increasing pressure to disclose their asset reserves. Behind this is increasing asset transparency and offsetting the current liquidity pressure on the cryptocurrency market.