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The Nexus
BUSINESSMay 8 · 10:03 UTCR/DEFI/u/CarefulCan7134

i compared proof of reserves across exchanges and Backpack wins by a mile

Backpack exchange leads in proof of reserves compared to other exchanges like Binance and Kraken, with daily internal checks and full open-source Plonky2 proofs. Backpack covers all coins, unlike OKX which covers 22 coins and Kraken which covers 7. This comparison matters after the FTX incident.

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