Binance, the world’s largest cryptocurrency exchange by transaction volume, has published details of the cryptocurrency on its hot wallet that it is trying to set an example.

Binance took to Twitter to announce the move, with the company sharing a snapshot of its holdings as of November 10.

Binance’s total bitcoin holdings are 475,000 bitcoins, worth about $8.42 billion based on a bitcoin price of $17744.

Binance said it has a total of 4.8 million Ethereum, 17.6 billion USDT, 21.7 billion BUSD, 601 million USDC and 58 million BNB.

Combined with the funds, the value of Binance’s portfolio, based on the prices of all assets at the time of Binance’s statement, is over $72 billion.

The published numbers give confidence to the Binance community, confirming the strong liquidity and solvency of the Binance trading platform.

With the debacle surrounding rival trading company FTX, many trading platforms have been put on edge as customers demand proof of reserves.

Now that Binance has taken the lead, more cryptocurrency exchanges may follow suit, as that’s the only thing keeping investors calm at the moment.

The crypto system has had turbulent seasons this year, with the collapse of Terra (Luna) initially forcing major crypto lenders Celsius Network and Voyager Digital to file for bankruptcy.

The trajectory in the industry is so huge that it cuts across different countries and different industrial sectors.

Billions of investors’ money is still locked up in bankruptcy proceedings and many are weary of events leading to a repeat of such events.

For now, investors are likely to stick with a trading platform with strong proven reserves until things become a bit clearer.

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