Binance Reveals Current Assets and Wallet Addresses

One of the world’s largest cryptocurrency exchanges of FTX has suffered a great collapse due to the crisis it has experienced in recent days. So much so that Bitcoin, affected by the events, declined to the level of 15 thousand dollars. The events began when the CEO of FTX, another supposedly independent company, Alameda Research, was revealed to be heavily affiliated with FTT. After that Binance stepped in and announced that it would sell its FTX Tokens. Then it was announced that Binance would buy FTX.

However, as expected, this purchase did not materialize and Binance stopped buying FTX. While these developments, which shook the entire crypto money world, continue to affect the market, now a new statement has come from Binance. The giant company presented its assets and wallet addresses to the whole world in a post it shared on its website for ‘transparency’.

Announces the amount of crypto assets Binance holds

crypto giant, ‘Our Commitment to Transparency’ Posted under the title. In the statement made on the official site, wallet addresses and the number of assets were included. The company believes that this sharing is in the ecosystem. building trust and in line with the financial goals of platform users, to enable them to make informed decisions. He added that it was done.

Shared assets; It included major tokens on BTC, ETH, BSC, BNB and TRX. Stating that this is not a complete data set, the company 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.

Here are Binance’s current assets:

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

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

After the liquidity crisis in FTX, other crypto exchanges other than Binance announced that they will make moves on transparency. While the CEO of Crypto.com said that crypto platforms should publicly share their holdings, OKX and Kucoin Giant stock exchanges such as these said they plan to provide information about their reserves in the coming weeks.