Binance announced the official launch of the Proof of Reserves system, which will start with Bitcoin and expand to other tokens and networks in the future. The snapshot time of this proof is 7:59 on November 23, Beijing time. The number of Bitcoin reserves on the Binance chain is 582,485.9302, while the total balance of the user’s Bitcoin assets is 575,742.4228, and the reserve ratio is 101%. Binance stated that it will launch the next batch of reserve certificates in the next two weeks and the results will be reviewed by third-party auditors.