April 23, 2025
Blockchain

Binance Announces All Assets: Here’s the Amount of BTC Held by the Exchange

  • November 10, 2022
  • 0

One of the world’s largest cryptocurrency exchanges from FTX has undergone a major collapse as a result of the crisis it has been going through in recent days.

Binance Announces All Assets: Here’s the Amount of BTC Held by the Exchange

One of the world’s largest cryptocurrency exchanges from FTX has undergone a major collapse as a result of the crisis it has been going through in recent days. So much so that, hit by the events, Bitcoin fell to the $15,000 level. The events started when it emerged that the CEO of FTX, another supposedly independent company, Alameda Research, had a strong affiliation with FTT. Then Binance stepped in and announced that it would sell its FTX tokens. Then it became known that Binance would buy FTX.

However, as expected, this purchase fell through and Binance stopped buying FTX. While these developments, which have shaken up the entire cryptocurrency world, continue to affect the market, a new statement is now coming from Binance. The giant company presented its assets and wallet addresses to the entire world in a post it shared on its website for “transparency.”

Announces the amount of crypto assets Binance owns

crypto giant, ‘Our commitment to transparency’ Posted under the title. The statement on the official site included wallet addresses and the number of assets. The company believes that this sharing is in the ecosystem. build trust and in line with platform users’ financial objectives, so that they can make informed decisions. He added that it was ready.

Shared assets; It included major tokens on BTC, ETH, BSC, BNB, and TRX. The company stated that this is not a complete dataset and stated that it will be shared in an audited report. The data shared to reassure customers after what happened at FTX shows how much the company has Bitcoin (BTC), Ether (ETH), USDT, Binance USD (BUSD), USDC and Binance Coin (BNB) showed that he did.

These are Binance’s current assets:

BTC 475 thousand
ETH 4.8 million
USDT 17.6 billion
BUSD 21.7 billion
USDC 601 million
BNB 58 million

You can access all of Binance’s statements and shared wallet address by clicking the link here.

Other exchanges are also planning to share their holdings in the near future.

After the liquidity crisis in FTX, crypto exchanges other than Binance have announced that they will take steps towards transparency. While the CEO of Crypto.com said that crypto platforms should share their assets publicly, OKX and Kucoin Giant exchanges like this one said they plan to release information about their reserves in the coming weeks.

Source: Web Tekno

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