Huobi Discloses A Report On Total Asset Reserves Up To $3.5 Billion
On November 13, Huobi’s official announcement indicated some significant asset reserves, with a total asset value of $3.5 billion, including significant amounts of BTC, ETH, USDT, and TRX.
Huobi launched an industry initiative on November 12, 2022, which aimed to enhance and improve cryptocurrency trading platforms’ security and transparency. To demonstrate the determination and will to promote platform asset transparency, Huobi will take the lead in publicly releasing the balance of funds in the platform’s hot and cold wallets. As a long-term public event, the firm decided to show some of its major asset reserves in this announcement.
The official announcement revealed some significant asset reserves, including more than 32,000 BTC, 274,000 ETH, 820 million USDT, and 9.7 billion TRX. The total assets announced this time are around 3.5 billion US dollars, and the snapshot time is around 0:00 on November 13.Â
Baiyu Capital M&A Fund completed the acquisition of shares from Huobi’s major shareholders in early October 2022, and has completed 100% margin reserve verification during the handover process. To boost user confidence and accelerate asset transparency, Huobi will work with a third party to accomplish and publicize the 100% margin Merkle tree reserve certificate in the coming month.
Huobi has adhered to the operating philosophy of users first since its inception nine years ago, and has insisted that the interests of users and the safety of user assets are Huobi’s top priorities. They promise not to misappropriate or embezzle any user assets and insist on 100% safe payment of user assets.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Chubbi
CoinCu News
Author
News
Huobi Discloses A Report On Total Asset Reserves Up To $3.5 Billion
On November 13, Huobi’s official announcement indicated some significant asset reserves, with a total asset value of $3.5 billion, including significant amounts of BTC, ETH, USDT, and TRX.
Huobi launched an industry initiative on November 12, 2022, which aimed to enhance and improve cryptocurrency trading platforms’ security and transparency. To demonstrate the determination and will to promote platform asset transparency, Huobi will take the lead in publicly releasing the balance of funds in the platform’s hot and cold wallets. As a long-term public event, the firm decided to show some of its major asset reserves in this announcement.
The official announcement revealed some significant asset reserves, including more than 32,000 BTC, 274,000 ETH, 820 million USDT, and 9.7 billion TRX. The total assets announced this time are around 3.5 billion US dollars, and the snapshot time is around 0:00 on November 13.Â
Baiyu Capital M&A Fund completed the acquisition of shares from Huobi’s major shareholders in early October 2022, and has completed 100% margin reserve verification during the handover process. To boost user confidence and accelerate asset transparency, Huobi will work with a third party to accomplish and publicize the 100% margin Merkle tree reserve certificate in the coming month.
Huobi has adhered to the operating philosophy of users first since its inception nine years ago, and has insisted that the interests of users and the safety of user assets are Huobi’s top priorities. They promise not to misappropriate or embezzle any user assets and insist on 100% safe payment of user assets.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Chubbi
CoinCu News
Other Posts
Related Posts
Latest
Best Meme Coins to Join for 2025: Crypto All-Stars Ends Presale, But BTFD Coin Presale Picks Up Pace as Goatseus Maximus Battles Bears
Jump Crypto Subsidiary Tai Mo Shan Fined $73.45M Over UST Scandal
Press Release
Best Meme Coins to Join for 2025: Crypto All-Stars Ends Presale, But BTFD Coin Presale Picks Up Pace as Goatseus Maximus Battles Bears
Best Meme Coins to Join Now: BTFD Coin’s P2E Game and Staking Rewards Redefine Meme Coin Investing
