The total value of Binance’s asset reserves exceeds US $63 billion

On March 7, Binance announced that its reserve certification system was upgraded and added another 11 tokens, including MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, CVP, HFT, SSV and DOGE. The total value of the 24 asset reserves shown now exceeds 63 billion dollars.

Interpretation of this information:

Binance, one of the world’s leading cryptocurrency exchanges, announced on March 7 that it had upgraded its reserve certification system and added 11 new tokens to its list. This move is significant for crypto enthusiasts and traders as it increases the total number of asset reserves to 24 and pushes the total value to over $63 billion.

The addition of these 11 tokens is a strategic step for Binance as it expands its reach in the cryptocurrency market. The new tokens include MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, CVP, HFT, SSV, and DOGE.

MASK is a token from Mask Network, a decentralized application that links users’ profile and social media accounts to their Ethereum wallets. ENJ, on the other hand, is a token from the gaming platform Enjin, which enables the creation of in-game digital assets that can be traded on the blockchain. WRX is the native token of WazirX, India’s largest cryptocurrency exchange, and has seen significant growth in recent months.

GRT is a token from The Graph, a decentralized indexing protocol that enables efficient querying of blockchain data. CHR is a token from Chromia, a relational blockchain platform that combines the power of relational databases with the security of blockchain technology. CRV is a token from Curve, a decentralized exchange organization that enables the trading of stablecoins. 1INCH is a token from the decentralized exchange aggregator 1inch.exchange. CVP is a token from PowerPool, a decentralized protocol for pooling governance tokens. HFT is a token from Helicopter Finance, a DeFi platform for yield farming. SSV is a token from Silk Road V2, a privacy-focused darknet market. DOGE is a meme-inspired token that has seen incredible growth in recent months, fueled by support from high-profile individuals such as Elon Musk.

In summary, Binance’s upgrade of its reserve certification system and addition of 11 new tokens signals the exchange’s continued commitment to expanding its reach in the crypto market. The new tokens include MASK, ENJ, WRX, GRT, CHR, CRV, 1INCH, CVP, HFT, SSV, and DOGE, which push the total number of asset reserves to 24 and the total value to over $63 billion.