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Globe and Mail
4 days ago
- Business
- Globe and Mail
BTCC Exchange Maintains 135% Total Reserve Ratio in June 2025 Proof-of-Reserves Report Amid Market Volatility
VILNIUS, Lithuania, June 26, 2025 (GLOBE NEWSWIRE) -- BTCC, one of the world's longest-operating cryptocurrency exchanges, releases its June 2025 roof-of-Reserves (PoR) report, demonstrating a strong 135% total reserve ratio as of June 15, 2025. The report reinforces BTCC's commitment to transparency and user asset security during a period of heightened market volatility. The comprehensive June PoR report reveals robust reserve ratios across all major cryptocurrencies: Bitcoin (BTC): 131% Ethereum (ETH): 133% Ripple (XRP): 161% Tether (USDT): 120% USD Coin (USDC): 134% Cardano (ADA): 116% These figures significantly exceed the industry standard of 100%, providing users with enhanced security and confidence in their cryptocurrency holdings. "Despite the impact of global macroeconomic events in June causing significant fluctuations in crypto market sentiment, overall market confidence continues to recover," said Alex Hung, Head of Operations at BTCC Exchange. "In terms of asset security, BTCC has always adhered to the principle of steady operation. Currently, our overall reserve ratio is at 135%, consistently higher than the industry benchmark of 100%, which fully safeguards user asset security." This latest PoR report continues BTCC's monthly transparency initiative, following strong performances in previous months, with May 2025 showing a 152% total reserve ratio and April 2025 demonstrating a 161% asset backing ratio. BTCC's commitment to transparency and user protection comes as the exchange celebrates its 14th anniversary this year, marking over a decade of trusted service in the cryptocurrency industry. As part of the anniversary celebrations, BTCC has launched its first-ever user badge program, offering users the opportunity to earn the "14 Years of Momentum" badge and claim exclusive rewards. The complete June 2025 PoR report and detailed verification instructions are available on BTCC's official website, underscoring the exchange's commitment to upholding the highest standards of transparency and user asset protection. About BTCC Founded in 2011, BTCC is one of the world's longest-serving cryptocurrency exchanges, offering secure and user-friendly trading services to millions of users globally. With a commitment to security, innovation, and community building, BTCC continues to be a trusted platform in the evolving cryptocurrency landscape.
Yahoo
12-06-2025
- Business
- Yahoo
Binance says it is now available to Syrian residents
(Reuters) -Crypto currency exchange Binance on Thursday said it has granted full access to Binance products and services to Syrian residents.
Yahoo
22-05-2025
- Business
- Yahoo
Coinbase reveals shocking data leak
Coinbase (Nasdaq: COIN), the largest crypto exchange in the U.S., has revealed that personal data from 69,461 individuals got exposed in the data leak in its filing with the Maine Attorney General's Office. The exchange had earlier claimed that the data leak affected less than 1% of its users. As previously reported, Coinbase CEO Brian Armstrong informed his followers about the leak on X on May 15. The leaked information included customer names, addresses, and emails — with no impact on passwords, private keys, and funds. The hackers demanded $20 million in Bitcoin from the exchange. Armstrong said he instead announced a $20 million bounty for leads on those responsible. Only "less than 1% of our monthly transacting users had their records accessed," the CEO said. As per the latest filing, the incident took place on Dec. 26, 2024, and Coinbase discovered it on May 11, 2025. Of the 69,461 affected customers, approximately 217 reside in Maine. "We are offering all impacted individuals one year of free credit monitoring and identity protection services," Coinbase said. "The services include credit monitoring, a $1,000,000 insurance reimbursement policy and identity restoration, and dark web monitoring to identify if any information is made available through illegal online forums." The Department of Justice has opened a probe into the data breach. The exchange is already under investigation by the Securities and Exchange Commission (SEC) regarding whether it overstated its user numbers in past filings. Coinbase's chief legal officer, Paul Grewal, called it a 'hold-over investigation.' The COIN stock was trading at $260.41 in pre-market hours at the time of writing, down 0.35% since the last day's close. Sign in to access your portfolio
