Press Release
Press Release. Internet City, Dubai, November 12, 2022 – Global crypto exchange LBankrecently decided to share the Merkle Tree Proof of Reserve. Announced. A view of recent concerns about the opaque nature of certain industry issues. LBank released an official statement on November 9, hoping the exchange would promote transparency in the industry and build a solid foundation of trust between the exchange and investors. said there is.
LBank told users in the announcement and Twitter post: …which is an important step in building fundamental trust in the industry, as well as an important means of ensuring transparency of user assets. LBank believes it is important to take this step to restore investor confidence in the market and hopes more exchanges will take similar steps to support this effort. I hope.
Merkle trees are used to make it easier for users to see specific transactions. Investors can be reassured that crypto assets use public blockchain information. Crypto exchanges can provide accurate proof of holding balances and strengthen user confidence. Since recent events, many have taken this path to avoid unnecessary speculation.
LBank believes these measures will provide users with the transparency they need to navigate these turbulent times. “We can’t just ask people to take our word for it. This change is great because it gives investors what they need and deserve. We put it above all else, and we hope this brings us closer to our users and communities,” said an LBank representative.
About LBank
LBank is one of the top cryptocurrency exchanges founded in 2015. We offer professional financial derivatives, professional wealth management services and secure cryptocurrency trading. user. The platform has more than 7 million users from her 210+ regions around the world. LBank is a growing, cutting-edge platform aimed at ensuring the integrity of users’ funds and contributing to the global adoption of cryptocurrencies.
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