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After the FTX collapse, a number of cryptocurrency exchanges have now moved to restore faith in CEXes by posting their Proof of Reserves. On November 11, 2022, FTX — the then-third-largest cryptocurrency exchange by trading volume — filed for voluntary Chapter 11 bankruptcy after it was revealed that it was operating a fractional reserve following a sudden liquidity crunch. While the collapse of FTX did shine a light on the risks associated with storing funds on centralized platforms, a number of cryptocurrency exchanges have now moved to restore faith in CEXes by posting their Proof of Reserves. 1:10 - What Is Proof of Reserves? 1:56 - Which Exchanges Will Adhere to the New Standard? 6:27 - How to Keep Tabs on Proof of Reserves? 🔔 From crypto news, to market moves, and to educational how to videos. If you want something more than just hype and to actually learn about crypto, make sure to hit the subscribe button right now and turn on notifications to not miss out on new videos! 🔵 Coin Market Cap is the world's most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto accessible all around the world through data and content. 📲 Download our app! IOS : https://apple.co/3dOkokH Android : https://bit.ly/3gHyJkS 🤝 Join CoinMarketCap! https://bit.ly/3dVaEoS Follow CoinMarketCap on social! / coinmarketcap / coinmarketcap / coinmarketcap / coinmarketcap https://t.me/CoinMarketCap 📩 Subscribe to our Newsletter! https://coinmarketcap.com/newsletter/