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Proof of Reserves on a Crypto Exchange: What It Proves, What It Does Not, and Why the Gap Matters

Year: 2026
Type: article
Abstract: A proof-of-reserves report answers one question. It is not the question most people think it answers, and the distance between the two is where the risk lives. If you are setting up an account and want the discount first: my referral code is BBBKK at https://www.binance.com/register?ref=BBBKK - roughly 20% off spot trading fees - and the attribution verification at the end is what makes it real rather than assumed. Now the mechanism, because the details matter more here than anywhere else in this industry.
Language: English
Open Access status: green
OpenAlex ID: W7225397576
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