According to @MilkRoadDaily, during the collapse of FTX, @Nsantoma at Binance observed market panic and proposed implementing proof of reserves as a solution to restore user confidence. Binance CEO CZ adopted this proposal and tweeted about it within minutes, establishing proof of reserves as an industry-wide standard that other exchanges quickly followed. This move directly influenced market sentiment for major cryptocurrencies like BTC and ETH, reinforcing the importance of transparency and risk management in crypto trading, as per the source.

According to Milk Road, following the FTX collapse, Binance team member @Nsantoma witnessed widespread panic and promptly suggested implementing proof of reserves to restore trust. Binance CEO CZ publicly endorsed this proposal within minutes, prompting a rapid industry-wide shift towards greater transparency and reserve verification, now considered essential for trading confidence and risk management across major crypto exchanges (source: Milk Road).

According to @MilkRoadDaily, Nick Santoaro was at Binance during the FTX collapse and immediately proposed implementing proof of reserves as a way to restore market trust. Minutes later, Binance CEO Changpeng Zhao announced this initiative on Twitter, prompting rapid industry-wide adoption of proof of reserves. This transparency measure became a new standard for centralized exchanges, directly impacting trading sentiment and increasing institutional and retail confidence in major cryptocurrencies like BTC and ETH (source: @MilkRoadDaily).

According to @OnchainDataNerd, Binance is already complying with the new regulatory standards outlined in the GENIUS and CLARITY Acts by implementing proof of reserves, segregation of client assets, and robust anti-money laundering protocols. This alignment with emerging regulations may position Binance as a leader in the evolving compliance-driven crypto market, potentially enhancing trader confidence and platform stability. Source: @OnchainDataNerd.

According to @EmberCN, HTX Exchange climbed to 8th place among 45 centralized exchanges in Kaiko’s spot trading volume ranking for Q2 2025, improving by two positions from the previous quarter. The platform attracted over 500,000 users to its Pizza Festival event, distributing $750,000 in rewards. Notably, HTX reported its proof of reserves for the 32nd consecutive month, with user assets rising for the third month in a row to $87.97 million. This consistent growth in user assets and transparent reporting may enhance trader confidence and liquidity on the platform, potentially impacting trading volumes and price discovery for listed cryptocurrencies. (Source: @EmberCN via Twitter, June 13, 2025)

According to Gracy Chen @Bitget, Bitget’s reserves remain at a 192% over-collateralization ratio, continuing its monthly public disclosure. This high reserve ratio suggests strong platform stability and risk management, providing increased confidence for traders leveraging Bitget for crypto derivatives and spot trading. Traders can use this data to assess counterparty risk and prioritize exchanges with transparent and robust reserve practices, impacting overall market sentiment and liquidity flows (source: Gracy Chen @Bitget, Twitter, May 28, 2025).

According to Wei (@thedaoofwei), proof of reserves (POR) reports that do not disclose corresponding liabilities are considered worthless for assessing crypto exchange solvency, raising significant concerns for traders relying on these reports for risk management and decision-making. Without full transparency on liabilities, market participants lack the necessary data to evaluate platform health, increasing counterparty risk and impacting trading confidence in centralized exchanges. Traders are urged to favor platforms that provide both reserves and liabilities disclosures to ensure accurate risk assessment and capital protection (source: @thedaoofwei, May 27, 2025).

According to Richard Teng, the March 2025 Proof of Reserves update shows strong backing for assets: BTC at 100.77%, ETH at 100.00%, BNB at 110.92%, USDT at 104.42%, and the newly added TRUMP at 100.38%. This transparency ensures that user assets are fully backed, reinforcing trust in the platform's financial health.

According to Aggr News, Bybit has confirmed that they have fully closed their Ethereum deficit. The exchange plans to release a Proof of Reserves report soon, which is expected to provide transparency and reassurance to traders. This development is crucial for maintaining trader confidence and ensuring the platform's liquidity integrity.

According to @jessepollak, the proof of reserves for cbBTC on the Base platform is now live, providing transparency and trust for traders using the platform. This implementation allows traders to verify the backing of cbBTC, potentially influencing trading decisions and enhancing security in their transactions.

According to @justinsuntron, the president's choice to use Wrapped Bitcoin (WBTC) for BTC reserves instead of Coinbase or CBBTC is a strategic move to ensure asset security. The reliance on Coinbase's lack of Proof of Reserves (PoR) could lead to risks of asset freezing or confiscation, highlighting the importance of maintaining control over one's own keys in cryptocurrency trading.

According to Justin Sun, all major cryptocurrency exchanges have implemented Proof of Reserves (PoR), making it perplexing that Coinbase claims PoR is not feasible. He pointed out that Binance has a complete PoR available for review. Sun emphasized that the community does not expect Coinbase to provide a perfect solution immediately, but at least to make some progress in this direction.