What is Proof-of-Reserves (PoR)?

[encrypted]

PoR is a way for crypto exchanges to show the assets they hold on behalf of users, usually via onchain transparency and cryptographic proofs.

It demonstrates that assets exist at a specific point in time.
It doesn’t guarantee solvency, liquidity, or risk management—so withdrawals can still be delayed in a crisis.

Even Binance, with $162.8B in user balances verified on Dec 31, 2025, can face these limitations.

[nihalsari]

lowkey wild that even binance with 162b in verified balances can still run into withdrawal issues